KLP Kapitalforvaltning AS Grows Position in Healthcare Services Group, Inc. $HCSG

KLP Kapitalforvaltning AS boosted its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 138.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,400 shares of the business services provider’s stock after acquiring an additional 20,000 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Healthcare Services Group were worth $517,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of HCSG. USA Financial Formulas acquired a new stake in Healthcare Services Group in the second quarter valued at $60,000. US Bancorp DE grew its holdings in Healthcare Services Group by 161.4% in the first quarter. US Bancorp DE now owns 8,097 shares of the business services provider’s stock valued at $82,000 after purchasing an additional 5,000 shares during the last quarter. Martingale Asset Management L P acquired a new stake in Healthcare Services Group in the first quarter valued at $127,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Healthcare Services Group by 45.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,592 shares of the business services provider’s stock valued at $147,000 after purchasing an additional 4,548 shares during the last quarter. Finally, MQS Management LLC acquired a new stake in Healthcare Services Group in the first quarter valued at $173,000. Institutional investors and hedge funds own 97.97% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Benchmark increased their price objective on Healthcare Services Group from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Wall Street Zen lowered Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 26th. Zacks Research lowered Healthcare Services Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Robert W. Baird increased their price objective 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. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Healthcare Services Group in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.25.

Healthcare Services Group Trading Down 0.4%

Shares of NASDAQ:HCSG opened at $16.35 on Friday. The stock’s 50-day moving average price is $15.83 and its two-hundred day moving average price is $14.25. Healthcare Services Group, Inc. has a 12-month low of $9.13 and a 12-month high of $16.91. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 116.79 and a beta of 0.70.

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

Insider Transactions at Healthcare Services Group

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 stock was sold at an average price of $13.25, for a total value of $283,126.00. Following the sale, the executive vice president directly owned 32,976 shares of the company’s stock, valued at approximately $436,932. This trade represents a 39.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.60% 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.