Healthcare Services Group (NASDAQ:HCSG) Reaches New 12-Month High - Time to Buy?

Key Points

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Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $15.74 and last traded at $15.78, with a volume of 76843 shares changing hands. The stock had previously closed at $15.31.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HCSG. Benchmark boosted their price target 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. Zacks Research raised Healthcare Services Group to a "strong-buy" rating in a research report on Tuesday, August 12th. Macquarie raised Healthcare Services Group from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $15.00 to $16.00 in a research report on Tuesday, July 29th. Wall Street Zen downgraded Healthcare Services Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, UBS Group raised Healthcare Services Group from a "neutral" rating to a "buy" rating and upped their target price for the stock from $12.00 to $15.00 in a research report on Thursday, April 24th. One 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $16.25.

Healthcare Services Group Price Performance

The company has a 50-day moving average price of $14.22 and a two-hundred day moving average price of $12.65. The company has a market cap of $1.13 billion, a PE ratio of 111.57 and a beta of 0.54.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last issued its 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. Healthcare Services Group had a return on equity of 11.74% and a net margin of 0.61%.The company had revenue of $458.50 million during the quarter, compared to the consensus estimate of $450.78 million. During the same quarter in the prior year, the business earned $0.20 earnings per share. The company's revenue was up 7.6% compared to the same quarter last year. Healthcare Services Group has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.

Insider Activity at Healthcare Services Group

In related news, EVP John Christopher Shea sold 21,368 shares of the business's 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 transaction, the executive vice president owned 32,976 shares in the company, valued at approximately $436,932. The trade was a 39.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Caxton Associates LLP acquired a new position in shares of Healthcare Services Group in the second quarter worth about $163,000. Public Sector Pension Investment Board lifted its stake in shares of Healthcare Services Group by 6.7% in the second quarter. Public Sector Pension Investment Board now owns 248,636 shares of the business services provider's stock worth $3,737,000 after acquiring an additional 15,602 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of 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 worth $154,000 after acquiring an additional 8,795 shares in the last quarter. State of Tennessee Department of Treasury lifted its stake in shares of Healthcare Services Group by 77.1% in the second quarter. State of Tennessee Department of Treasury now owns 31,949 shares of the business services provider's stock worth $480,000 after acquiring an additional 13,907 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in Healthcare Services Group by 46.4% during the second quarter. Lazard Asset Management LLC now owns 183,948 shares of the business services provider's stock valued at $2,764,000 after buying an additional 58,339 shares in the last quarter. Institutional investors and hedge funds own 97.97% of the company's stock.

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.

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