Connor Clark & Lunn Investment Management Ltd. Has $6.15 Million Stock Holdings in Healthcare Services Group, Inc. $HCSG

Connor Clark & Lunn Investment Management Ltd. boosted its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 125.7% during the second quarter, Holdings Channel reports. The institutional investor owned 408,932 shares of the business services provider’s stock after buying an additional 227,763 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Healthcare Services Group were worth $6,146,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. USA Financial Formulas bought a new stake in shares of Healthcare Services Group during the second quarter worth approximately $60,000. US Bancorp DE lifted its holdings in Healthcare Services Group by 161.4% during the 1st quarter. US Bancorp DE now owns 8,097 shares of the business services provider’s stock worth $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 1st quarter valued at $127,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Healthcare Services Group by 45.3% in the 1st 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 period. Finally, Los Angeles Capital Management LLC acquired a new position in Healthcare Services Group in the 2nd quarter valued at $156,000. 97.97% of the stock is currently owned by institutional investors and hedge funds.

Healthcare Services Group Price Performance

Shares of HCSG opened at $17.70 on Thursday. The firm has a 50 day simple moving average of $16.77 and a two-hundred day simple moving average of $15.25. Healthcare Services Group, Inc. has a one year low of $9.13 and a one year high of $20.00. The company has a market cap of $1.25 billion, a P/E ratio of 32.78 and a beta of 0.73.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings results on Wednesday, October 22nd. The business services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $464.34 million for the quarter, compared to analyst estimates of $460.36 million. During the same quarter last year, the company posted $0.19 EPS. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. Healthcare Services Group has set its Q4 2025 guidance at EPS. On average, analysts expect that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HCSG shares. Benchmark lifted their target price 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 lifted their price objective on shares of Healthcare Services Group from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Weiss Ratings restated a “hold (c-)” rating on shares of Healthcare Services Group in a research report on Wednesday, October 8th. Zacks Research cut shares of Healthcare Services Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Finally, Macquarie upgraded Healthcare Services Group from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $15.00 to $16.00 in a research note on Tuesday, July 29th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Healthcare Services Group has an average rating of “Moderate Buy” and a consensus target price 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.