Patrick Orr Sells 44,615 Shares of Healthcare Services Group (NASDAQ:HCSG) Stock

Healthcare Services Group, Inc. (NASDAQ:HCSG) EVP Patrick Orr sold 44,615 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $20.53, for a total value of $915,945.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Healthcare Services Group Stock Performance

HCSG opened at $20.64 on Friday. The firm has a market cap of $1.45 billion, a P/E ratio of 25.17 and a beta of 0.74. The firm has a 50-day moving average of $19.45 and a 200 day moving average of $17.72. Healthcare Services Group, Inc. has a fifty-two week low of $9.13 and a fifty-two week high of $22.98.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings data on Wednesday, February 11th. The business services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.23 by $0.21. The business had revenue of $466.68 million for the quarter, compared to analyst estimates of $467.24 million. Healthcare Services Group had a net margin of 3.21% and a return on equity of 16.04%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 earnings per share. Equities research analysts predict that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Healthcare Services Group

Institutional investors and hedge funds have recently modified their holdings of the company. Synergy Asset Management LLC bought a new position in Healthcare Services Group in the 3rd quarter valued at $2,860,000. Allianz Asset Management GmbH raised its position in shares of Healthcare Services Group by 229.4% in the third quarter. Allianz Asset Management GmbH now owns 164,380 shares of the business services provider’s stock worth $2,767,000 after buying an additional 114,482 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Healthcare Services Group by 38.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 345,332 shares of the business services provider’s stock valued at $5,812,000 after buying an additional 96,472 shares during the period. Bailard Inc. purchased a new position in Healthcare Services Group during the third quarter worth about $655,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in Healthcare Services Group in the 2nd quarter worth about $407,000. 97.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on HCSG shares. William Blair raised Healthcare Services Group from a “market perform” rating to an “outperform” rating in a research report on Friday. UBS Group set a $25.00 price objective on Healthcare Services Group and gave the company a “buy” rating in a research note on Thursday, February 12th. Robert W. Baird set a $23.00 target price on shares of Healthcare Services Group in a research report on Thursday, February 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Healthcare Services Group in a research note on Monday, December 29th. Finally, Wall Street Zen cut shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Key Healthcare Services Group News

Here are the key news stories impacting Healthcare Services Group this week:

• Positive Sentiment: Q4 results showed an earnings beat and revenue growth — the company reported $0.44 EPS vs. consensus $0.23 and revenue rose ~6.6% year‑over‑year, which supports the bullish case. MarketBeat: HCSG profile and earnings summary
• Positive Sentiment: Institutional buying: several funds increased or initiated positions in HCSG in Q4, and institutions own a very large share of the float (~98%), which can stabilize the stock and support longer‑term demand. MarketBeat: institutional holdings
• Positive Sentiment: Retail/insider buy: Theodore Wahl purchased roughly $178K of HCSG shares, a small but supportive insider buy. Benzinga: Theodore Wahl buy
• Neutral Sentiment: An EVP (Chief Revenue Officer) exercised options worth ~$282K — option exercises are common and can be neutral (could signal confidence or simply scheduled compensation). Benzinga: options exercise
• Neutral Sentiment: Short‑interest reports for mid‑February show “0” shares / 0 days to cover and NaN changes — this is almost certainly a data/reporting error and should not be interpreted as meaningful market pressure.
• Negative Sentiment: Large insider selloffs: EVP Patrick J. Orr sold ~45,500 shares (~$0.9M) and reduced his holding by ~50%, disclosed on Form 4. Significant insider trimming at current prices can be read negatively by investors. SEC Form 4: Patrick J. Orr sale
• Negative Sentiment: Another senior executive, EVP John Christopher Shea, sold ~54,357 shares (~$1.1M) and trimmed his stake by ~65%, adding to the negative signal from insider sales. SEC Form 4: John Christopher Shea sale

Healthcare Services Group Company Profile

Healthcare Services Group, Inc (NASDAQ: HCSG) is a leading provider of support services to healthcare facilities across the United States. The company specializes in environmental services, including housekeeping and sanitation, as well as linen and laundry management. In addition, Healthcare Services Group offers dietary and nutrition services, catering to hospitals, skilled nursing facilities, assisted living communities and other long-term care providers.

Founded as a family-owned business in the late 1970s, the company completed its initial public offering in 1997.