Vanguard Group Inc. Sells 292,876 Shares of Healthcare Services Group, Inc. $HCSG

Key Points

• Vanguard Group Inc. reduced its stake in Healthcare Services Group, Inc. by 3.5%, selling 292,876 shares, and now holds approximately 10.95% of the company, valued at around $80.5 million.
• Healthcare Services Group reported a quarterly EPS of $0.21, surpassing analysts' expectations, with a 7.6% increase in revenue year-over-year, totaling $458.5 million.
• Recent analyst ratings reflect a mix of opinions; some firms upgraded the stock to "strong-buy" and "buy," with an average target price now set at $16.25.

Vanguard Group Inc. reduced its position in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 3.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,983,734 shares of the business services provider's stock after selling 292,876 shares during the quarter. Vanguard Group Inc. owned approximately 10.95% of Healthcare Services Group worth $80,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Royce & Associates LP boosted its position in shares of Healthcare Services Group by 0.3% in the first quarter. Royce & Associates LP now owns 4,684,038 shares of the business services provider's stock worth $47,215,000 after purchasing an additional 15,439 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Healthcare Services Group by 0.8% in the first quarter. Mackenzie Financial Corp now owns 4,128,934 shares of the business services provider's stock worth $41,620,000 after buying an additional 34,037 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Healthcare Services Group by 9.0% in 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 buying an additional 208,810 shares in the last quarter. Palisade Capital Management LP lifted its holdings in shares of 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 buying an additional 20,720 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Healthcare Services Group by 12.5% in 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 buying an additional 140,708 shares in the last quarter. 97.97% of the stock is currently owned by institutional investors.

Healthcare Services Group Trading Up 0.2%

Shares of NASDAQ HCSG traded up $0.03 during mid-day trading on Thursday, reaching $15.61. The company had a trading volume of 148,014 shares, compared to its average volume of 668,962. The business's 50-day moving average is $14.33 and its 200-day moving average is $12.84. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 111.46 and a beta of 0.54. Healthcare Services Group, Inc. has a 52 week low of $9.13 and a 52 week high of $15.89.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.21 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $458.50 million for the quarter, compared to analysts' expectations of $450.78 million. During the same period in the prior year, the business posted $0.20 earnings per share. The business's revenue for the quarter was up 7.6% on a year-over-year basis. Healthcare Services Group has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.

Insider Transactions at Healthcare Services Group

In other Healthcare Services Group news, EVP John Christopher Shea sold 21,368 shares of the 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 transaction, the executive vice president directly owned 32,976 shares in the company, valued at $436,932. This represents a 39.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Benchmark upped their price target on shares of 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 increased their target price on shares of Healthcare Services Group from $13.00 to $15.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Macquarie raised shares of Healthcare Services Group from a "neutral" rating to an "outperform" rating and increased their target price for the company from $15.00 to $16.00 in a research note on Tuesday, July 29th. Zacks Research raised shares of Healthcare Services Group to a "strong-buy" rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen downgraded shares of Healthcare Services Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price 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.