Hillsdale Investment Management Inc. Buys Shares of 361,640 Healthcare Services Group, Inc. $HCSG

Hillsdale Investment Management Inc. bought a new position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 361,640 shares of the business services provider’s stock, valued at approximately $5,435,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. American Century Companies Inc. grew its holdings in shares of Healthcare Services Group by 190.1% in the 1st quarter. American Century Companies Inc. now owns 451,936 shares of the business services provider’s stock valued at $4,556,000 after buying an additional 296,159 shares during the period. Mackenzie Financial Corp raised its stake in Healthcare Services Group by 0.8% during the 1st quarter. Mackenzie Financial Corp now owns 4,128,934 shares of the business services provider’s stock worth $41,620,000 after buying an additional 34,037 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Healthcare Services Group during the first quarter worth about $1,121,000. KLP Kapitalforvaltning AS grew its stake in Healthcare Services Group by 138.9% in the second quarter. KLP Kapitalforvaltning AS now owns 34,400 shares of the business services provider’s stock valued at $517,000 after acquiring an additional 20,000 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Healthcare Services Group by 8.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 965,843 shares of the business services provider’s stock valued at $9,736,000 after acquiring an additional 74,476 shares during the period. 97.97% of the stock is owned by institutional investors.

Healthcare Services Group Stock Performance

NASDAQ HCSG opened at $17.97 on Friday. Healthcare Services Group, Inc. has a 52 week low of $9.13 and a 52 week high of $20.00. The stock’s 50 day moving average price is $16.96 and its two-hundred day moving average price is $15.39. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 33.28 and a beta of 0.73.

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

Wall Street Analysts Forecast Growth

HCSG has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Healthcare Services Group in a research report on Wednesday. Benchmark increased 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. BMO Capital Markets started coverage on shares of Healthcare Services Group in a report on Thursday, November 13th. They set a “market perform” rating and a $20.00 target price on the stock. Zacks Research lowered shares of Healthcare Services Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Finally, Macquarie raised shares of Healthcare Services Group from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $15.00 to $16.00 in a research report on Tuesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $19.40.

Healthcare Services Group 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.