Healthcare Services Group (NASDAQ:HCSG) Reaches New 1-Year High - Here's Why

Key Points

• Healthcare Services Group's share price reached a new 52-week high of $16.12 during trading, with analysts providing new price targets for the stock between $16.00 and $19.00.
• The company reported a quarterly earnings per share (EPS) of $0.21, exceeding analyst expectations, with revenue of $458.50 million, marking a 7.6% year-over-year increase.
• Insider and institutional trading activities showed notable movements, including an executive selling shares at $13.25 and hedge funds like EverSource Wealth Advisors boosting their stake by 163.4%.

Healthcare Services Group, Inc. (NASDAQ:HCSG - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as $15.96 and last traded at $16.12, with a volume of 58053 shares changing hands. The stock had previously closed at $15.83.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Macquarie raised Healthcare Services Group from a "neutral" rating to an "outperform" rating and raised their target price for the company from $15.00 to $16.00 in a report on Tuesday, July 29th. Robert W. Baird raised their target price 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 raised their target price on Healthcare Services Group from $17.00 to $19.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Wall Street Zen downgraded Healthcare Services Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Zacks Research raised Healthcare Services Group to a "strong-buy" rating in a report on Tuesday, August 12th. One 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $16.25.

Healthcare Services Group Stock Performance

The stock has a market cap of $1.16 billion, a PE ratio of 114.46 and a beta of 0.66. The business has a 50-day moving average of $14.49 and a 200 day moving average of $13.11.

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 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. The firm had revenue of $458.50 million during 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 firm's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 EPS. Healthcare Services Group has set its Q3 2025 guidance at EPS. Equities analysts expect that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP John Christopher Shea sold 21,368 shares of Healthcare Services Group 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 owned 32,976 shares in the company, valued at approximately $436,932. This trade represents 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. Corporate insiders own 2.10% of the company's stock.

Institutional Trading of Healthcare Services Group

Hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its stake in Healthcare Services Group by 163.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,186 shares of the business services provider's stock worth $33,000 after buying an additional 1,356 shares during the last quarter. USA Financial Formulas acquired a new position in shares of Healthcare Services Group in the 2nd quarter valued at about $60,000. US Bancorp DE lifted its stake in shares of Healthcare Services Group by 161.4% in the 1st quarter. US Bancorp DE now owns 8,097 shares of the business services provider's stock valued at $82,000 after purchasing an additional 5,000 shares in the last quarter. Martingale Asset Management L P acquired a new position in shares of Healthcare Services Group in the 1st quarter valued at about $127,000. Finally, PharVision Advisers LLC acquired a new position in shares of Healthcare Services Group in the 4th quarter valued at about $147,000. 97.97% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.