Jupiter Asset Management Ltd. Takes Position in Healthcare Services Group, Inc. $HCSG

Jupiter Asset Management Ltd. acquired a new position in Healthcare Services Group, Inc. (NASDAQ:HCSG) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 129,808 shares of the business services provider’s stock, valued at approximately $1,951,000. Jupiter Asset Management Ltd. owned about 0.18% of Healthcare Services Group at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of HCSG. Hsbc Holdings PLC boosted its stake in shares of Healthcare Services Group by 1.7% in the 1st quarter. Hsbc Holdings PLC now owns 53,175 shares of the business services provider’s stock valued at $539,000 after purchasing an additional 868 shares in the last quarter. SummerHaven Investment Management LLC boosted its position in Healthcare Services Group by 2.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 75,317 shares of the business services provider’s stock valued at $1,132,000 after acquiring an additional 1,476 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Healthcare Services Group by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,704 shares of the business services provider’s stock worth $441,000 after purchasing an additional 1,824 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Healthcare Services Group by 6.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 43,384 shares of the business services provider’s stock worth $651,000 after acquiring an additional 2,665 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in shares of Healthcare Services Group by 13.3% during the first quarter. National Bank of Canada FI now owns 28,900 shares of the business services provider’s stock valued at $291,000 after purchasing an additional 3,386 shares during the last quarter. Institutional investors own 97.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. UBS Group upped their price target 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. Macquarie raised Healthcare Services Group from a “neutral” rating to an “outperform” rating and increased their target price for the company from $15.00 to $16.00 in a report on Tuesday, July 29th. BMO Capital Markets began coverage on shares of Healthcare Services Group in a research report on Thursday. They set a “market perform” rating and a $20.00 price objective for the company. Wall Street Zen raised shares of Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Finally, Robert W. Baird boosted their price objective on Healthcare Services Group from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.40.

Healthcare Services Group Trading Down 2.1%

Shares of HCSG opened at $17.33 on Friday. The company has a market cap of $1.22 billion, a P/E ratio of 32.09 and a beta of 0.73. Healthcare Services Group, Inc. has a twelve month low of $9.13 and a twelve month high of $20.00. The company’s fifty day simple moving average is $16.81 and its 200-day simple moving average is $15.27.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Wednesday, October 22nd. The business services provider reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $464.34 million for 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 earnings per share. Healthcare Services Group has set its Q4 2025 guidance at EPS. Analysts predict that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current fiscal 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.