Strs Ohio Acquires Shares of 54,800 Healthcare Services Group, Inc. $HCSG

Key Points

• Strs Ohio acquired 54,800 shares of Healthcare Services Group, Inc. for approximately $552,000, which accounts for about 0.08% of the company's total shares.
• Multiple institutional investors have increased their stakes in Healthcare Services Group, with US Bancorp DE raising its investment by 161.4% in the first quarter.
• Several analysts have updated their price targets for Healthcare Services Group, with Robert W. Baird raising it to $15.00 and Benchmark increasing it to $19.00, reflecting a consensus rating of "Buy."

Strs Ohio acquired a new position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 54,800 shares of the business services provider's stock, valued at approximately $552,000. Strs Ohio owned about 0.08% of Healthcare Services Group as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Royce & Associates LP grew its position in shares of Healthcare Services Group by 0.3% in the 1st quarter. Royce & Associates LP now owns 4,684,038 shares of the business services provider's stock valued at $47,215,000 after buying an additional 15,439 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Healthcare Services Group by 0.8% in the 1st quarter. Mackenzie Financial Corp now owns 4,128,934 shares of the business services provider's stock valued at $41,620,000 after buying an additional 34,037 shares during the last quarter. Palisade Capital Management LP grew its position in shares of Healthcare Services Group by 0.9% in the 1st quarter. Palisade Capital Management LP now owns 2,237,866 shares of the business services provider's stock valued at $22,558,000 after buying an additional 20,720 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in shares of Healthcare Services Group by 90.5% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,190,280 shares of the business services provider's stock valued at $11,998,000 after buying an additional 565,520 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Healthcare Services Group in the 1st quarter valued at about $11,745,000. Institutional investors own 97.97% of the company's stock.

Insider Activity

In other news, EVP John Christopher Shea sold 21,368 shares of the company's stock in a transaction that occurred on Monday, July 28th. The stock was 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 $436,932. This represents a 39.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on HCSG. Robert W. Baird upped their price target on Healthcare Services Group from $13.00 to $15.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Zacks Research raised Healthcare Services Group to a "strong-buy" rating in a research note on Tuesday, August 12th. Wall Street Zen downgraded Healthcare Services Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. Benchmark boosted their price objective 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. Finally, Macquarie raised Healthcare Services Group from a "neutral" rating to an "outperform" rating and upped their price target 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 issued a Hold rating to the company's stock. According to data from MarketBeat.com, Healthcare Services Group presently has an average rating of "Buy" and an average price target of $16.25.

Healthcare Services Group Stock Performance

Shares of Healthcare Services Group stock traded down $0.32 on Tuesday, hitting $15.83. The company had a trading volume of 175,035 shares, compared to its average volume of 670,009. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 112.96 and a beta of 0.66. The stock has a 50 day moving average of $14.78 and a 200-day moving average of $13.53. Healthcare Services Group, Inc. has a 1 year low of $9.13 and a 1 year high of $16.59.

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

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.