Bank of New York Mellon Corp Sells 8,435 Shares of Healthcare Services Group, Inc. $HCSG

Bank of New York Mellon Corp decreased its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 1.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 470,425 shares of the business services provider’s stock after selling 8,435 shares during the period. Bank of New York Mellon Corp owned approximately 0.65% of Healthcare Services Group worth $7,070,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in Healthcare Services Group during the first quarter valued at about $11,745,000. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Healthcare Services Group by 90.5% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,190,280 shares of the business services provider’s stock valued at $11,998,000 after acquiring an additional 565,520 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Healthcare Services Group during the 1st quarter valued at about $4,601,000. American Century Companies Inc. grew its position 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 acquiring an additional 296,159 shares during the last quarter. Finally, Intech Investment Management LLC increased its stake in Healthcare Services Group by 940.5% in the 1st quarter. Intech Investment Management LLC now owns 318,488 shares of the business services provider’s stock worth $3,210,000 after purchasing an additional 287,878 shares during the period. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Price Performance

HCSG stock opened at $17.97 on Friday. Healthcare Services Group, Inc. has a 1 year low of $9.13 and a 1 year high of $20.00. The firm has a 50-day moving average of $16.96 and a 200 day moving average of $15.39. The company has a market cap of $1.27 billion, a P/E ratio of 33.28 and a beta of 0.73.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Wednesday, October 22nd. The business services provider reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $464.34 million for the quarter, compared to the consensus estimate of $460.36 million. Healthcare Services Group had a return on equity of 12.23% and a net margin of 2.20%.The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 EPS. Healthcare Services Group has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wall Street Zen raised Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Zacks Research lowered shares of Healthcare Services Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Macquarie raised shares of Healthcare Services Group from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $15.00 to $16.00 in a report on Tuesday, July 29th. BMO Capital Markets initiated coverage on shares of Healthcare Services Group in a research note on Thursday, November 13th. They set a “market perform” rating and a $20.00 price objective for the company. Finally, Benchmark raised their target price on Healthcare Services Group from $19.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.40.

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.