Hillsdale Investment Management Inc. Acquires 81,670 Shares of Healthcare Services Group, Inc. $HCSG

Hillsdale Investment Management Inc. raised its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 22.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 443,310 shares of the business services provider’s stock after purchasing an additional 81,670 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.63% of Healthcare Services Group worth $7,461,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC raised its position in Healthcare Services Group by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,883,225 shares of the business services provider’s stock worth $28,309,000 after buying an additional 29,551 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Healthcare Services Group by 240.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,496,835 shares of the business services provider’s stock worth $22,497,000 after buying an additional 1,056,705 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Healthcare Services Group by 183.0% in the second quarter. American Century Companies Inc. now owns 1,278,993 shares of the business services provider’s stock worth $19,223,000 after acquiring an additional 827,057 shares during the period. Invesco Ltd. grew its holdings in shares of Healthcare Services Group by 19.4% in the second quarter. Invesco Ltd. now owns 747,822 shares of the business services provider’s stock worth $11,240,000 after acquiring an additional 121,263 shares during the period. Finally, New York State Common Retirement Fund increased its position in Healthcare Services Group by 0.9% during the second quarter. New York State Common Retirement Fund now owns 723,675 shares of the business services provider’s stock valued at $10,877,000 after acquiring an additional 6,297 shares during the last quarter. Institutional investors own 97.97% of the company’s stock.

Healthcare Services Group News Roundup

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

Insider Buying and Selling at Healthcare Services Group

In related news, EVP John Christopher Shea sold 54,357 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $20.41, for a total transaction of $1,109,426.37. Following the completion of the transaction, the executive vice president owned 29,292 shares in the company, valued at approximately $597,849.72. This represents a 64.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Patrick J. Orr sold 45,500 shares of Healthcare Services Group stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $20.54, for a total transaction of $934,570.00. Following the completion of the sale, the executive vice president owned 44,615 shares in the company, valued at approximately $916,392.10. This represents a 50.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 144,472 shares of company stock worth $2,959,942 in the last three months. Insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HCSG. UBS Group set a $25.00 target price on Healthcare Services Group and gave the stock a “buy” rating in a research report on Thursday, February 12th. Robert W. Baird set a $23.00 price objective on shares of Healthcare Services Group in a report on Thursday, February 12th. Benchmark restated a “buy” rating on shares of Healthcare Services Group in a research report on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Healthcare Services Group in a report on Monday, December 29th. Finally, William Blair upgraded Healthcare Services Group from a “market perform” rating to an “outperform” rating in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Healthcare Services Group Stock Up 2.1%

NASDAQ HCSG opened at $20.64 on Friday. Healthcare Services Group, Inc. has a twelve month low of $9.13 and a twelve month high of $22.98. The business has a 50-day moving average price of $19.45 and a 200-day moving average price of $17.69. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 25.17 and a beta of 0.74.

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

About Healthcare Services Group

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.