Quantbot Technologies LP acquired a new position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 54,967 shares of the business services provider's stock, valued at approximately $554,000. Quantbot Technologies LP owned about 0.08% of Healthcare Services Group as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the stock. Royce & Associates LP lifted its position in Healthcare Services Group by 0.3% during the first quarter. Royce & Associates LP now owns 4,684,038 shares of the business services provider's stock worth $47,215,000 after acquiring an additional 15,439 shares during the last quarter. Mackenzie Financial Corp lifted its position in Healthcare Services Group by 0.8% during the first quarter. Mackenzie Financial Corp now owns 4,128,934 shares of the business services provider's stock worth $41,620,000 after acquiring an additional 34,037 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Healthcare Services Group by 9.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,523,745 shares of the business services provider's stock worth $29,313,000 after acquiring an additional 208,810 shares during the last quarter. Palisade Capital Management LP lifted its position in Healthcare Services Group by 0.9% during the first quarter. Palisade Capital Management LP now owns 2,237,866 shares of the business services provider's stock worth $22,558,000 after acquiring an additional 20,720 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in Healthcare Services Group by 12.5% during the fourth quarter. Janus Henderson Group PLC now owns 1,266,785 shares of the business services provider's stock worth $14,714,000 after acquiring an additional 140,708 shares during the last quarter. 97.97% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on HCSG. Macquarie upgraded shares of Healthcare Services Group from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $15.00 to $16.00 in a research report on Tuesday, July 29th. Benchmark raised their price objective on shares of Healthcare Services Group from $17.00 to $19.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Zacks Research upgraded shares of Healthcare Services Group to a "strong-buy" rating in a research report on Tuesday, August 12th. Robert W. Baird lifted their price target on shares of Healthcare Services Group from $13.00 to $15.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen downgraded shares of Healthcare Services Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $16.25.
Get Our Latest Stock Report on Healthcare Services Group
Insider Buying and Selling
In other Healthcare Services Group news, EVP John Christopher Shea sold 21,368 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $13.25, for a total transaction of $283,126.00. Following the sale, the executive vice president owned 32,976 shares of the company's stock, valued at approximately $436,932. The trade was a 39.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.60% of the stock is currently owned by corporate insiders.
Healthcare Services Group Price Performance
HCSG traded down $0.06 during trading on Friday, hitting $15.61. 455,376 shares of the stock traded hands, compared to its average volume of 835,014. Healthcare Services Group, Inc. has a twelve month low of $9.13 and a twelve month high of $15.89. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 111.50 and a beta of 0.54. The business has a 50 day moving average price of $14.38 and a 200 day moving average price of $12.93.
Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.21 EPS for the quarter, beating the consensus estimate 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 business had revenue of $458.50 million during the quarter, compared to the consensus estimate of $450.78 million. During the same period in the previous year, the business earned $0.20 earnings per share. The company's revenue was up 7.6% on a year-over-year basis. Healthcare Services Group has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.
Healthcare Services Group Profile
(
Free Report)
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.
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