Healthcare Services Group, Inc. $HCSG Shares Purchased by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Healthcare Services Group by 10.8%, now owning 512,721 shares valued at approximately $5.17 million.
• Healthcare Services Group received several upgrades from analysts, with Macquarie raising its target price from $15 to $16, reflecting positive market sentiment.
• The company reported $0.21 earnings per share for the last quarter, beating estimates, and achieved a 7.6% increase in revenue compared to the same period last year.

Russell Investments Group Ltd. lifted its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 10.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 512,721 shares of the business services provider's stock after acquiring an additional 49,782 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.70% of Healthcare Services Group worth $5,168,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trail Ridge Investment Advisors LLC increased its position in Healthcare Services Group by 4.7% in the 1st quarter. Trail Ridge Investment Advisors LLC now owns 23,233 shares of the business services provider's stock valued at $234,000 after buying an additional 1,048 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in Healthcare Services Group by 1.8% during the 1st quarter. SummerHaven Investment Management LLC now owns 73,841 shares of the business services provider's stock valued at $744,000 after purchasing an additional 1,297 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Healthcare Services Group by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,880 shares of the business services provider's stock valued at $486,000 after purchasing an additional 1,461 shares during the last quarter. North Star Investment Management Corp. boosted its stake in Healthcare Services Group by 1.8% during the 1st quarter. North Star Investment Management Corp. now owns 102,950 shares of the business services provider's stock valued at $1,038,000 after purchasing an additional 1,850 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its stake in Healthcare Services Group by 803.4% during the 4th quarter. Sterling Capital Management LLC now owns 2,358 shares of the business services provider's stock valued at $27,000 after purchasing an additional 2,097 shares during the last quarter. 97.97% of the stock is owned by institutional investors and hedge funds.

Healthcare Services Group Price Performance

HCSG stock traded up $0.04 during trading on Tuesday, reaching $15.53. The company had a trading volume of 192,845 shares, compared to its average volume of 669,539. Healthcare Services Group, Inc. has a 52 week low of $9.13 and a 52 week high of $15.89. The company has a market cap of $1.12 billion, a P/E ratio of 110.89 and a beta of 0.54. The business has a 50 day moving average of $14.29 and a 200 day moving average of $12.81.

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

Insider Buying and Selling

In other Healthcare Services Group news, EVP John Christopher Shea sold 21,368 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president owned 32,976 shares in the company, valued at approximately $436,932. This represents a 39.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Healthcare Services Group Company Profile

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.