Charles Schwab Investment Management Inc. Acquires 74,476 Shares of Healthcare Services Group, Inc. $HCSG

Charles Schwab Investment Management Inc. lifted its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 8.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 965,843 shares of the business services provider’s stock after acquiring an additional 74,476 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.32% of Healthcare Services Group worth $9,736,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of HCSG. Trail Ridge Investment Advisors LLC boosted its holdings in Healthcare Services Group by 4.7% in the 1st quarter. Trail Ridge Investment Advisors LLC now owns 23,233 shares of the business services provider’s stock valued at $234,000 after purchasing an additional 1,048 shares during the period. SummerHaven Investment Management LLC raised its position in shares of Healthcare Services Group by 1.8% in the first quarter. SummerHaven Investment Management LLC now owns 73,841 shares of the business services provider’s stock valued at $744,000 after buying an additional 1,297 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Healthcare Services Group by 3.6% in the fourth 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 position in Healthcare Services Group by 1.8% during the first quarter. North Star Investment Management Corp. now owns 102,950 shares of the business services provider’s stock worth $1,038,000 after buying an additional 1,850 shares in the last quarter. Finally, Bridge City Capital LLC grew its position in Healthcare Services Group by 1.4% during the first quarter. Bridge City Capital LLC now owns 171,424 shares of the business services provider’s stock worth $1,728,000 after buying an additional 2,419 shares in the last quarter. 97.97% of the stock is owned by institutional investors.

Healthcare Services Group Trading Up 3.6%

Shares of Healthcare Services Group stock opened at $15.77 on Monday. The firm’s 50 day moving average is $14.28 and its 200 day moving average is $12.77. The firm has a market capitalization of $1.14 billion, a PE ratio of 112.64 and a beta of 0.54. Healthcare Services Group, Inc. has a 1 year low of $9.13 and a 1 year high of $15.80.

Healthcare Services Group (NASDAQ:HCSG) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $458.50 million for the quarter, compared to analyst estimates of $450.78 million. Healthcare Services Group had a net margin of 0.61% and a return on equity of 11.74%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $0.20 earnings per share. Healthcare Services Group has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HCSG has been the subject of several analyst reports. Zacks Research raised Healthcare Services Group to a “strong-buy” rating in a report on Tuesday, August 12th. Robert W. Baird boosted their price target on Healthcare Services Group from $13.00 to $15.00 and gave the company a “neutral” 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 report on Tuesday, July 29th. Benchmark raised their target price on shares of Healthcare Services Group from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, Wall Street Zen lowered shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 26th. 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’s stock. According to data from MarketBeat, Healthcare Services Group currently has an average rating of “Buy” and an average target price of $16.25.

Insider Buying and Selling at Healthcare Services Group

In related news, EVP John Christopher Shea sold 21,368 shares of the firm’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $13.25, for a total transaction of $283,126.00. Following the sale, the executive vice president owned 32,976 shares of the company’s stock, valued at $436,932. This trade represents a 39.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.10% of the stock is currently 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.