Campbell & CO Investment Adviser LLC Acquires Shares of 27,100 Healthcare Services Group, Inc. $HCSG

Campbell & CO Investment Adviser LLC acquired a new position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,100 shares of the business services provider’s stock, valued at approximately $407,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. raised its position in Healthcare Services Group by 125.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 408,932 shares of the business services provider’s stock valued at $6,146,000 after purchasing an additional 227,763 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Healthcare Services Group in the 2nd quarter valued at $156,000. Fox Run Management L.L.C. acquired a new position in Healthcare Services Group in the second quarter valued at approximately $375,000. First Eagle Investment Management LLC grew its position in shares of Healthcare Services Group by 18.7% in the 2nd quarter. First Eagle Investment Management LLC now owns 598,848 shares of the business services provider’s stock valued at $9,001,000 after buying an additional 94,500 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in Healthcare Services Group in the 2nd quarter valued at about $340,000. 97.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HCSG. Macquarie raised 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. BMO Capital Markets assumed coverage on shares of Healthcare Services Group in a research note on Thursday. They issued a “market perform” rating and a $20.00 target price for the company. Wall Street Zen upgraded shares of Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Healthcare Services Group in a research report on Thursday. Finally, Robert W. Baird lifted their price objective on Healthcare Services Group from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $19.40.

Healthcare Services Group Stock Performance

Shares of HCSG stock opened at $17.35 on Monday. The stock has a fifty day moving average price of $16.84 and a 200 day moving average price of $15.31. The stock has a market cap of $1.22 billion, a PE ratio of 32.13 and a beta of 0.73. 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 results on Wednesday, October 22nd. The business services provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. Healthcare Services Group had a return on equity of 12.23% and a net margin of 2.20%.The business had revenue of $464.34 million during the quarter, compared to analysts’ expectations of $460.36 million. During the same quarter last year, the business posted $0.19 earnings per share. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. Healthcare Services Group has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.

About Healthcare Services Group

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.