Teacher Retirement System of Texas Sells 362,131 Shares of Healthcare Services Group, Inc. $HCSG

Teacher Retirement System of Texas reduced its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 78.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,640 shares of the business services provider’s stock after selling 362,131 shares during the quarter. Teacher Retirement System of Texas owned about 0.14% of Healthcare Services Group worth $1,528,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HCSG. USA Financial Formulas bought a new stake in Healthcare Services Group in the second quarter valued at about $60,000. US Bancorp DE increased 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 bought a new stake in Healthcare Services Group in the first quarter valued at about $127,000. Zurcher Kantonalbank Zurich Cantonalbank increased 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 bought a new stake in Healthcare Services Group in the first quarter valued at about $173,000. Institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Trading Up 0.8%

NASDAQ:HCSG opened at $18.03 on Wednesday. The stock has a market cap of $1.27 billion, a P/E ratio of 33.39 and a beta of 0.70. The stock has a 50 day simple moving average of $16.54 and a 200 day simple moving average of $15.02. Healthcare Services Group, Inc. has a 1-year low of $9.13 and a 1-year high of $20.00.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings data on Wednesday, October 22nd. The business services provider reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. The firm had revenue of $464.34 million during the quarter, compared to analysts’ expectations of $460.36 million. Healthcare Services Group had a return on equity of 12.23% and a net margin of 2.20%.The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 EPS. Healthcare Services Group has set its Q4 2025 guidance at EPS. As a group, sell-side analysts forecast that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HCSG. Weiss Ratings reissued a “hold (c-)” rating on shares of Healthcare Services Group in a research report on Wednesday, October 8th. Robert W. Baird increased their price target on Healthcare Services Group from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Benchmark increased their price target on Healthcare Services Group from $19.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. UBS Group increased their price target on Healthcare Services Group from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Finally, Macquarie upgraded Healthcare Services Group from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $15.00 to $16.00 in a report on Tuesday, July 29th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.25.

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.