Versor Investments LP Makes New $507,000 Investment in 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 acquired a new position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,300 shares of the business services provider's stock, valued at approximately $507,000. Versor Investments LP owned 0.07% of Healthcare Services Group as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in HCSG. Trail Ridge Investment Advisors LLC boosted its stake in Healthcare Services Group by 4.7% during the first quarter. Trail Ridge Investment Advisors LLC now owns 23,233 shares of the business services provider's stock worth $234,000 after acquiring an additional 1,048 shares in the last quarter. SummerHaven Investment Management LLC boosted its position in shares of Healthcare Services Group by 1.8% during the 1st quarter. SummerHaven Investment Management LLC now owns 73,841 shares of the business services provider's stock worth $744,000 after purchasing an additional 1,297 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Healthcare Services Group by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,880 shares of the business services provider's stock valued at $486,000 after buying an additional 1,461 shares during the period. North Star Investment Management Corp. grew its stake in shares of Healthcare Services Group by 1.8% in the 1st quarter. North Star Investment Management Corp. now owns 102,950 shares of the business services provider's stock valued at $1,038,000 after buying an additional 1,850 shares during the period. Finally, Sterling Capital Management LLC increased its position in Healthcare Services Group by 803.4% in the 4th quarter. Sterling Capital Management LLC now owns 2,358 shares of the business services provider's stock valued at $27,000 after buying an additional 2,097 shares in the last quarter. Institutional investors and hedge funds own 97.97% of the company's stock.

Wall Street Analyst Weigh In

HCSG has been the topic of several recent research reports. Robert W. Baird increased 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. Benchmark boosted 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. Wall Street Zen cut shares of Healthcare Services Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Zacks Research upgraded shares of Healthcare Services Group to a "strong-buy" rating in a report on Tuesday, August 12th. Finally, Macquarie raised Healthcare Services Group from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $15.00 to $16.00 in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $16.25.

Healthcare Services Group Trading Up 3.6%

Shares of HCSG stock traded up $0.55 during trading on Friday, hitting $15.77. The company's stock had a trading volume of 645,574 shares, compared to its average volume of 903,976. The company has a market cap of $1.14 billion, a PE ratio of 112.64 and a beta of 0.54. The business has a fifty day moving average of $14.28 and a 200-day moving average of $12.76. Healthcare Services Group, Inc. has a 52 week low of $9.13 and a 52 week high of $15.80.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $458.50 million for the quarter, compared to analysts' expectations of $450.78 million. Healthcare Services Group had a return on equity of 11.74% and a net margin of 0.61%.The business's revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 earnings per share. Healthcare Services Group has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.

Insider Activity

In related news, EVP John Christopher Shea sold 21,368 shares of Healthcare Services Group stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $13.25, for a total value of $283,126.00. Following the sale, the executive vice president owned 32,976 shares of the company's stock, valued at approximately $436,932. The trade was a 39.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by 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.