Swiss National Bank Has $1.43 Million Stake in Healthcare Services Group, Inc. $HCSG

Swiss National Bank lowered its position in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 1.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 142,063 shares of the business services provider’s stock after selling 1,800 shares during the quarter. Swiss National Bank owned approximately 0.19% of Healthcare Services Group worth $1,432,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of HCSG. LPL Financial LLC grew its holdings in Healthcare Services Group by 45.6% during the fourth quarter. LPL Financial LLC now owns 21,048 shares of the business services provider’s stock worth $244,000 after purchasing an additional 6,591 shares during the period. Wells Fargo & Company MN lifted its position in shares of Healthcare Services Group by 21.2% in the fourth quarter. Wells Fargo & Company MN now owns 49,175 shares of the business services provider’s stock valued at $571,000 after buying an additional 8,594 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Healthcare Services Group by 4.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 144,562 shares of the business services provider’s stock valued at $1,679,000 after buying an additional 6,303 shares during the last quarter. Barclays PLC boosted its stake in shares of Healthcare Services Group by 9.2% during the 4th quarter. Barclays PLC now owns 159,409 shares of the business services provider’s stock worth $1,851,000 after acquiring an additional 13,483 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Healthcare Services Group by 9.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,523,745 shares of the business services provider’s stock worth $29,313,000 after acquiring an additional 208,810 shares during the period. Institutional investors own 97.97% of the company’s stock.

Analyst Upgrades and Downgrades

HCSG has been the topic of a number of research analyst reports. Wall Street Zen cut Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 26th. Robert W. Baird upped their price objective on shares of Healthcare Services Group from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Zacks Research upgraded shares of Healthcare Services Group to a “strong-buy” rating in a research note on Tuesday, August 12th. Benchmark lifted their target price on shares of Healthcare Services Group from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Finally, Macquarie raised shares of Healthcare Services Group from a “neutral” rating to an “outperform” rating and increased their price target for the company from $15.00 to $16.00 in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $16.25.

Healthcare Services Group Stock Performance

HCSG opened at $15.77 on Monday. The stock has a fifty day moving average of $14.28 and a 200-day moving average of $12.77. The company has a market capitalization of $1.14 billion, a P/E ratio of 112.64 and a beta of 0.54. Healthcare Services Group, Inc. has a fifty-two week low of $9.13 and a fifty-two week high of $15.80.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. Healthcare Services Group had a net margin of 0.61% and a return on equity of 11.74%. The business had revenue of $458.50 million for the quarter, compared to the consensus estimate of $450.78 million. During the same period in the prior year, the company posted $0.20 earnings per share. Healthcare Services Group’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 predict that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current fiscal 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 that occurred on Monday, July 28th. The stock was sold at an average price of $13.25, for a total value of $283,126.00. Following the completion of the sale, the executive vice president directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.10% of the company’s stock.

Healthcare Services Group 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.