Azarias Capital Management L.P. Decreases Position in Healthcare Services Group, Inc. $HCSG

Azarias Capital Management L.P. decreased its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 51.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 314,806 shares of the business services provider’s stock after selling 334,750 shares during the quarter. Healthcare Services Group makes up approximately 2.2% of Azarias Capital Management L.P.’s portfolio, making the stock its 19th biggest position. Azarias Capital Management L.P. owned approximately 0.43% of Healthcare Services Group worth $4,732,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. USA Financial Formulas purchased a new stake in Healthcare Services Group during the second quarter worth approximately $60,000. US Bancorp DE lifted its stake in Healthcare Services Group by 161.4% during the first 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 purchased a new stake in Healthcare Services Group during the first quarter worth approximately $127,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Healthcare Services Group by 45.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,592 shares of the business services provider’s stock worth $147,000 after purchasing an additional 4,548 shares during the last quarter. Finally, MQS Management LLC purchased a new stake in Healthcare Services Group during the first quarter worth approximately $173,000. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on HCSG. Benchmark boosted their price objective on Healthcare Services Group from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. 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 note on Thursday, July 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Healthcare Services Group in a research note on Saturday, September 27th. Macquarie upgraded Healthcare Services Group from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $15.00 to $16.00 in a research note on Tuesday, July 29th. Finally, Zacks Research cut Healthcare Services Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $16.25.

Healthcare Services Group Trading Down 1.5%

NASDAQ:HCSG opened at $16.30 on Friday. The firm has a market cap of $1.18 billion, a P/E ratio of 116.43 and a beta of 0.70. The stock’s 50 day simple moving average is $15.35 and its 200-day simple moving average is $13.84. Healthcare Services Group, Inc. has a 12-month low of $9.13 and a 12-month high of $16.91.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Wednesday, July 23rd. The business services provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $458.50 million for the quarter, compared to analyst estimates of $450.78 million. Healthcare Services Group had a return on equity of 11.74% and a net margin of 0.61%.The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 earnings per share. Healthcare Services Group has set its Q3 2025 guidance at EPS. Research analysts forecast that Healthcare Services Group, Inc. will post 0.74 EPS for the current fiscal year.

Insider Activity

In other news, EVP John Christopher Shea sold 21,368 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $13.25, for a total value of $283,126.00. Following the transaction, the executive vice president owned 32,976 shares of the company’s stock, valued at approximately $436,932. The trade was a 39.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.

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.