Stanley Laman Group Ltd. Sells 83,789 Shares of Healthcare Services Group, Inc. $HCSG

Key Points

• Stanley Laman Group Ltd. has reduced its stake in Healthcare Services Group, Inc. by 23.5%, selling 83,789 shares, and now holds approximately 0.37% of the company valued at $4.1 million.
• Healthcare Services Group reported a quarterly earnings per share of $0.21, exceeding estimates, with a revenue of $458.5 million, up 7.6% year-over-year.
• Following positive earnings, various analysts have raised their price targets for the stock, with Macquarie increasing it from $15.00 to $16.00 and Benchmark from $17.00 to $19.00.

Stanley Laman Group Ltd. trimmed its position in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 23.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 272,789 shares of the business services provider's stock after selling 83,789 shares during the quarter. Stanley Laman Group Ltd. owned approximately 0.37% of Healthcare Services Group worth $4,100,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in Healthcare Services Group by 1,152.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 166,643 shares of the business services provider's stock valued at $1,680,000 after purchasing an additional 153,333 shares during the last quarter. American Century Companies Inc. boosted its stake in Healthcare Services Group by 190.1% during the 1st quarter. American Century Companies Inc. now owns 451,936 shares of the business services provider's stock worth $4,556,000 after acquiring an additional 296,159 shares during the last quarter. Mackenzie Financial Corp grew its holdings 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 valued at $41,620,000 after purchasing an additional 34,037 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Healthcare Services Group in the first quarter valued at approximately $1,121,000. Finally, Palisade Capital Management LP raised its holdings in Healthcare Services Group by 0.9% in 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 purchasing an additional 20,720 shares during the period. Institutional investors own 97.97% of the company's stock.

Healthcare Services Group Stock Performance

NASDAQ HCSG opened at $16.35 on Friday. Healthcare Services Group, Inc. has a 52 week low of $9.13 and a 52 week high of $16.91. The stock's 50 day moving average price is $15.83 and its two-hundred day moving average price is $14.23. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 116.79 and a beta of 0.70.

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 company had revenue of $458.50 million during 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 business's quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the business earned $0.20 EPS. Healthcare Services Group has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Macquarie raised shares of Healthcare Services Group from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $15.00 to $16.00 in a report on Tuesday, July 29th. Robert W. Baird boosted their target price on Healthcare Services Group from $13.00 to $15.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Benchmark increased their price target on Healthcare Services Group from $17.00 to $19.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Healthcare Services Group in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered Healthcare Services Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $16.25.

Insider Transactions at Healthcare Services Group

In other Healthcare Services Group news, EVP John Christopher Shea sold 21,368 shares of the business's stock in a transaction dated 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 directly owned 32,976 shares of the company's stock, valued at $436,932. The trade was a 39.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.60% of the company's stock.

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.

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