Healthcare Services Group, Inc. (NASDAQ:HCSG - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $15.80 and last traded at $15.85, with a volume of 645574 shares. The stock had previously closed at $15.22.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. Robert W. Baird raised their price target on shares of Healthcare Services Group from $13.00 to $15.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Zacks Research upgraded Healthcare Services Group to a "strong-buy" rating in a report on Tuesday, August 12th. Benchmark increased their price objective on Healthcare Services Group from $17.00 to $19.00 and gave the stock a "buy" 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 upped their price objective for the stock from $15.00 to $16.00 in a research note on Tuesday, July 29th. Finally, Wall Street Zen downgraded shares of Healthcare Services Group from a "strong-buy" rating to a "buy" rating in a research 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 data from MarketBeat, Healthcare Services Group has an average rating of "Buy" and an average price target of $16.25.
Check Out Our Latest Research Report on Healthcare Services Group
Healthcare Services Group Stock Performance
The stock has a 50 day moving average of $14.38 and a 200-day moving average of $12.91. The company has a market cap of $1.13 billion, a PE ratio of 111.50 and a beta of 0.54.
Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $458.50 million for the quarter, compared to the consensus estimate of $450.78 million. Healthcare Services Group had a net margin of 0.61% and a return on equity of 11.74%. Healthcare Services Group's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS. Healthcare Services Group has set its Q3 2025 guidance at EPS. Equities research analysts forecast 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 the company's 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 completion of the transaction, the executive vice president owned 32,976 shares in the company, valued at $436,932. This represents a 39.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is owned by company insiders.
Institutional Trading of Healthcare Services Group
Several large investors have recently added to or reduced their stakes in HCSG. Squarepoint Ops LLC grew its stake in shares of Healthcare Services Group by 165.5% in the 2nd quarter. Squarepoint Ops LLC now owns 136,273 shares of the business services provider's stock valued at $2,048,000 after buying an additional 84,941 shares during the period. State of Wyoming purchased a new position in Healthcare Services Group in the second quarter worth approximately $236,000. Caxton Associates LLP acquired a new position in shares of Healthcare Services Group in the 2nd quarter valued at $163,000. Public Sector Pension Investment Board grew its holdings in shares of Healthcare Services Group by 6.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 248,636 shares of the business services provider's stock worth $3,737,000 after purchasing an additional 15,602 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in Healthcare Services Group by 600.8% in the second quarter. Tower Research Capital LLC TRC now owns 10,259 shares of the business services provider's stock valued at $154,000 after buying an additional 8,795 shares during the last quarter. 97.97% of the stock is currently owned by hedge funds and other institutional investors.
About Healthcare Services Group
(
Get Free Report)
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.
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