Trexquant Investment LP Invests $1.11 Million in Healthcare Services Group, Inc. $HCSG

Key Points

• Trexquant Investment LP has established a new position in Healthcare Services Group, purchasing 110,020 shares valued at approximately $1.1 million.
• Institutional investors own 97.97% of Healthcare Services Group, with significant increases in holdings from various firms such as Allspring Global Investments and American Century Companies.
• Healthcare Services Group reported quarterly earnings with an EPS of $0.21, surpassing estimates, while showing a revenue increase of 7.6% year-over-year.

Trexquant Investment LP acquired a new position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 110,020 shares of the business services provider's stock, valued at approximately $1,109,000. Trexquant Investment LP owned about 0.15% of Healthcare Services Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Healthcare Services Group by 90.5% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,190,280 shares of the business services provider's stock worth $11,998,000 after buying an additional 565,520 shares during the last quarter. Martingale Asset Management L P acquired a new stake in shares of Healthcare Services Group during the 1st quarter worth $127,000. EntryPoint Capital LLC increased its holdings in shares of Healthcare Services Group by 20.8% during the 1st quarter. EntryPoint Capital LLC now owns 35,852 shares of the business services provider's stock worth $361,000 after buying an additional 6,167 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Healthcare Services Group by 1.7% during the 1st quarter. Hsbc Holdings PLC now owns 53,175 shares of the business services provider's stock worth $539,000 after buying an additional 868 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Healthcare Services Group during the 1st quarter worth $554,000. 97.97% of the stock is currently owned by institutional investors and hedge funds.

Healthcare Services Group Stock Down 3.1%

Shares of Healthcare Services Group stock traded down $0.52 during trading hours on Friday, hitting $16.02. 646,165 shares of the company's stock traded hands, compared to its average volume of 616,577. The stock has a 50 day simple moving average of $14.57 and a 200-day simple moving average of $13.27. The company has a market cap of $1.16 billion, a PE ratio of 114.43 and a beta of 0.66. Healthcare Services Group, Inc. has a twelve month low of $9.13 and a twelve month high of $16.59.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $0.21 earnings per share 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 the consensus estimate of $450.78 million. Healthcare Services Group had a return on equity of 11.74% and a net margin of 0.61%.The company's revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm earned $0.20 earnings per share. Healthcare Services Group has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.

Insider Buying and Selling at Healthcare Services Group

In other news, EVP John Christopher Shea sold 21,368 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $13.25, for a total transaction of $283,126.00. Following the completion of the sale, the executive vice president directly owned 32,976 shares in the company, valued at $436,932. This trade represents a 39.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

HCSG has been the subject of a number of research analyst reports. Macquarie upgraded Healthcare Services Group from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $15.00 to $16.00 in a report on Tuesday, July 29th. Robert W. Baird increased their price target on Healthcare Services Group from $13.00 to $15.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Benchmark increased their price target on Healthcare Services Group from $17.00 to $19.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Zacks Research upgraded Healthcare Services Group to a "strong-buy" rating in a report on Tuesday, August 12th. Finally, Wall Street Zen downgraded Healthcare Services Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. One investment 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average 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.