Healthcare Services Group, Inc. $HCSG Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 6.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,384 shares of the business services provider’s stock after purchasing an additional 2,665 shares during the period. State of Alaska Department of Revenue owned 0.06% of Healthcare Services Group worth $651,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in Healthcare Services Group by 1,152.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 166,643 shares of the business services provider’s stock worth $1,680,000 after purchasing an additional 153,333 shares during the period. American Century Companies Inc. boosted its stake in Healthcare Services Group by 190.1% during the 1st quarter. American Century Companies Inc. now owns 451,936 shares of the business services provider’s stock worth $4,556,000 after purchasing an additional 296,159 shares during the period. Mackenzie Financial Corp boosted its stake in Healthcare Services Group by 0.8% during the 1st quarter. Mackenzie Financial Corp now owns 4,128,934 shares of the business services provider’s stock worth $41,620,000 after purchasing an additional 34,037 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Healthcare Services Group during the 1st quarter worth $1,121,000. Finally, Palisade Capital Management LP lifted its stake in shares of Healthcare Services Group by 0.9% in the 1st quarter. Palisade Capital Management LP now owns 2,237,866 shares of the business services provider’s stock worth $22,558,000 after acquiring an additional 20,720 shares during the period. Institutional investors and hedge funds own 97.97% of the company’s stock.

Healthcare Services Group Stock Down 1.7%

Shares of HCSG opened at $15.92 on Wednesday. The company has a 50-day simple moving average of $15.46 and a 200-day simple moving average of $13.94. Healthcare Services Group, Inc. has a 52-week low of $9.13 and a 52-week high of $16.91. The company has a market capitalization of $1.15 billion, a PE ratio of 113.71 and a beta of 0.70.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Wednesday, July 23rd. The business services provider reported $0.21 earnings per share 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 firm had revenue of $458.50 million during the quarter, compared to the consensus estimate of $450.78 million. During the same period last year, the firm posted $0.20 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. Healthcare Services Group has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.

Insiders Place Their Bets

In other Healthcare Services Group news, EVP John Christopher Shea sold 21,368 shares of the firm’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 directly owned 32,976 shares in the company, valued at approximately $436,932. This trade represents a 39.32% decrease in their position. 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.

Analysts Set New Price Targets

Several research firms have recently commented on HCSG. Robert W. Baird raised their target price 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. Macquarie upgraded shares of Healthcare Services Group from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $15.00 to $16.00 in a research note on Tuesday, July 29th. Benchmark raised their target price on shares of Healthcare Services Group from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Zacks Research cut shares of Healthcare Services Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Finally, Wall Street Zen cut shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 26th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Healthcare Services Group has a consensus rating of “Moderate Buy” and a consensus target price of $16.25.

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.