Public Sector Pension Investment Board Raises Holdings in Healthcare Services Group, Inc. $HCSG

Key Points

• The Public Sector Pension Investment Board increased its stake in Healthcare Services Group, Inc. by 27.6%, acquiring 50,462 shares, bringing its total ownership to approximately 233,034 shares valued at $2.35 million.
• Healthcare Services Group reported better-than-expected quarterly earnings with an EPS of $0.21, surpassing analysts' estimates and revenue expectations, showing a 7.6% year-over-year growth.
• Several analysts have adjusted their price targets for Healthcare Services Group stock, with estimates ranging from $15.00 to $19.00, while maintaining a consensus rating of "Buy."

Public Sector Pension Investment Board grew its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 27.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 233,034 shares of the business services provider's stock after purchasing an additional 50,462 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.32% of Healthcare Services Group worth $2,349,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Nuveen LLC purchased a new position in shares of Healthcare Services Group during the first quarter worth about $11,745,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Healthcare Services Group by 54.7% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 181,169 shares of the business services provider's stock worth $1,826,000 after buying an additional 64,042 shares during the period. National Bank of Canada FI boosted its stake in shares of Healthcare Services Group by 13.3% during the first quarter. National Bank of Canada FI now owns 28,900 shares of the business services provider's stock worth $291,000 after buying an additional 3,386 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Healthcare Services Group by 8.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 965,843 shares of the business services provider's stock worth $9,736,000 after buying an additional 74,476 shares during the period. Finally, US Bancorp DE boosted its stake in shares of Healthcare Services Group by 161.4% during the first quarter. US Bancorp DE now owns 8,097 shares of the business services provider's stock worth $82,000 after buying an additional 5,000 shares during the period. Hedge funds and other institutional investors own 97.97% of the company's stock.

Insider Transactions at Healthcare Services Group

In other Healthcare Services Group news, EVP John Christopher Shea sold 21,368 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $13.25, for a total value of $283,126.00. Following the completion of the transaction, the executive vice president directly owned 32,976 shares of the company's stock, valued at approximately $436,932. This trade represents a 39.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.10% of the company's stock.

Healthcare Services Group Price Performance

Healthcare Services Group stock traded down $0.28 during mid-day trading on Monday, reaching $15.49. The company had a trading volume of 583,431 shares, compared to its average volume of 888,752. Healthcare Services Group, Inc. has a 1 year low of $9.13 and a 1 year high of $15.89. The company has a market capitalization of $1.12 billion, a P/E ratio of 110.64 and a beta of 0.54. The stock's 50-day simple moving average is $14.29 and its 200-day simple moving average is $12.81.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. Healthcare Services Group had a net margin of 0.61% and a return on equity of 11.74%. The company had revenue of $458.50 million during the quarter, compared to analysts' expectations of $450.78 million. During the same period last year, the company posted $0.20 earnings per share. The firm's quarterly revenue was up 7.6% compared to the same quarter last year. Healthcare Services Group has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Robert W. Baird increased their target price on shares of Healthcare Services Group from $13.00 to $15.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Zacks Research upgraded shares of Healthcare Services Group to a "strong-buy" rating in a research note on Tuesday, August 12th. Benchmark increased their target price on shares of Healthcare Services Group from $17.00 to $19.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Wall Street Zen downgraded shares of Healthcare Services Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, Macquarie upgraded shares of Healthcare Services Group from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $15.00 to $16.00 in a research note on Tuesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Healthcare Services Group currently has an average rating of "Buy" and an average target price of $16.25.

About Healthcare Services Group

Healthcare Services Group, Inc provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.