Rhumbline Advisers Decreases Stock Position in Healthcare Services Group, Inc. $HCSG

Rhumbline Advisers lowered its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 5.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 216,363 shares of the business services provider’s stock after selling 13,353 shares during the period. Rhumbline Advisers owned approximately 0.30% of Healthcare Services Group worth $2,181,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HCSG. US Bancorp DE grew its holdings in shares of Healthcare Services Group by 161.4% during the 1st quarter. US Bancorp DE now owns 8,097 shares of the business services provider’s stock worth $82,000 after acquiring an additional 5,000 shares during the period. Martingale Asset Management L P bought a new position in shares of Healthcare Services Group during the 1st quarter valued at $127,000. PharVision Advisers LLC bought a new position in shares of Healthcare Services Group during the 4th quarter valued at $147,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Healthcare Services Group by 45.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,592 shares of the business services provider’s stock worth $147,000 after purchasing an additional 4,548 shares during the period. Finally, MQS Management LLC purchased a new stake in Healthcare Services Group in the 1st quarter worth $173,000. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HCSG. Zacks Research upgraded Healthcare Services Group to a “strong-buy” rating in a research report on Tuesday, August 12th. Robert W. Baird lifted their price target on shares of Healthcare Services Group from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Macquarie upgraded shares of Healthcare Services Group from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $15.00 to $16.00 in a research report on Tuesday, July 29th. Benchmark raised their price target on shares of Healthcare Services Group from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Finally, Wall Street Zen downgraded shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 26th. 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. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $16.25.

Insider Buying and Selling at Healthcare Services Group

In other news, EVP John Christopher Shea sold 21,368 shares of Healthcare Services Group stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $13.25, for a total value of $283,126.00. Following the sale, the executive vice president owned 32,976 shares of the company’s stock, valued at $436,932. The trade was a 39.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.60% of the stock is currently owned by insiders.

Healthcare Services Group Price Performance

Shares of NASDAQ:HCSG opened at $15.56 on Thursday. The company’s fifty day moving average price is $14.63 and its 200 day moving average price is $13.38. Healthcare Services Group, Inc. has a 12 month low of $9.13 and a 12 month high of $16.59. The firm has a market capitalization of $1.13 billion, a P/E ratio of 111.14 and a beta of 0.66.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.21 EPS for the quarter, topping the consensus estimate 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%. Healthcare Services Group’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the business earned $0.20 EPS. Healthcare Services Group has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.

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.