Versor Investments LP Purchases Shares of 50,300 Healthcare Services Group, Inc. $HCSG

Key Points

• Versor Investments LP acquired 50,300 shares of Healthcare Services Group, valued at approximately $507,000, showing increased interest from institutional investors.
• Various brokerages have upgraded the stock ratings for Healthcare Services Group, with Macquarie and Zacks Research issuing higher price targets and ratings.
• Healthcare Services Group reported earnings of $0.21 per share, exceeding estimates and marking a 7.6% increase in revenue year-over-year.

Versor Investments LP bought a new stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 50,300 shares of the business services provider's stock, valued at approximately $507,000. Versor Investments LP owned approximately 0.07% of Healthcare Services Group at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Royce & Associates LP lifted its holdings in shares of Healthcare Services Group by 0.3% during 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 lifted its holdings in shares of Healthcare Services Group by 0.8% during 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. Dimensional Fund Advisors LP lifted its holdings in shares of Healthcare Services Group by 9.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,523,745 shares of the business services provider's stock valued at $29,313,000 after buying an additional 208,810 shares during the last quarter. Palisade Capital Management LP lifted its holdings in shares of Healthcare Services Group by 0.9% during 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. Finally, Janus Henderson Group PLC lifted its holdings in shares of Healthcare Services Group by 12.5% during the 4th quarter. Janus Henderson Group PLC now owns 1,266,785 shares of the business services provider's stock valued at $14,714,000 after buying an additional 140,708 shares during the last quarter. 97.97% of the stock is currently owned by institutional investors and hedge funds.

Healthcare Services Group Trading Down 1.8%

Shares of HCSG traded down $0.28 during trading hours on Monday, hitting $15.49. 583,431 shares of the stock traded hands, compared to its average volume of 888,752. Healthcare Services Group, Inc. has a 1-year low of $9.13 and a 1-year high of $15.89. The firm has a market capitalization of $1.12 billion, a PE ratio of 110.64 and a beta of 0.54. The business has a fifty day moving average of $14.29 and a 200-day moving average of $12.81.

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 for the quarter, beating the consensus estimate of $0.20 by $0.01. Healthcare Services Group had a return on equity of 11.74% and a net margin of 0.61%.The firm had revenue of $458.50 million for the quarter, compared to analyst estimates of $450.78 million. During the same quarter in the prior year, the firm posted $0.20 earnings per share. The company's quarterly revenue 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 expect that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HCSG shares. Wall Street Zen lowered Healthcare Services Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Robert W. Baird upped their price target on Healthcare Services Group from $13.00 to $15.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Zacks Research upgraded Healthcare Services Group to a "strong-buy" rating in a research report on Tuesday, August 12th. 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 report on Thursday, July 24th. Finally, Macquarie upgraded Healthcare Services Group from a "neutral" rating to an "outperform" rating and upped their price target for the company from $15.00 to $16.00 in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Healthcare Services Group currently has an average rating of "Buy" and an average price target of $16.25.

Insider Activity

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 stock was sold at an average price of $13.25, for a total value 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 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 through the SEC website. 2.10% of the stock is owned by company insiders.

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.