Healthcare Services Group, Inc. (NASDAQ:HCSG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) have been given an average rating of “Moderate Buy” by the six brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $16.25.

Several research firms have recently commented on HCSG. Zacks Research cut shares of Healthcare Services Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Macquarie upgraded shares of Healthcare Services Group from a “neutral” rating to an “outperform” rating and increased their price target for the company from $15.00 to $16.00 in a report on Tuesday, July 29th. Robert W. Baird increased their price target on shares of Healthcare Services Group from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Healthcare Services Group in a report on Wednesday. Finally, Wall Street Zen downgraded shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 26th.

Insider Activity

In other news, EVP John Christopher Shea sold 21,368 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $13.25, for a total value of $283,126.00. Following the completion of the transaction, the executive vice president owned 32,976 shares in the company, valued at $436,932. This trade represents a 39.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Healthcare Services Group

A number of large investors have recently made changes to their positions in HCSG. Hsbc Holdings PLC increased its holdings in Healthcare Services Group by 1.7% during the 1st quarter. Hsbc Holdings PLC now owns 53,175 shares of the business services provider’s stock valued at $539,000 after acquiring an additional 868 shares in the last quarter. Trail Ridge Investment Advisors LLC increased its holdings in Healthcare Services Group by 4.7% during the 1st quarter. Trail Ridge Investment Advisors LLC now owns 23,233 shares of the business services provider’s stock valued at $234,000 after acquiring an additional 1,048 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Healthcare Services Group by 6.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,721 shares of the business services provider’s stock valued at $281,000 after acquiring an additional 1,135 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its holdings in Healthcare Services Group by 8.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 15,925 shares of the business services provider’s stock valued at $239,000 after acquiring an additional 1,224 shares in the last quarter. Finally, SummerHaven Investment Management LLC increased its holdings in Healthcare Services Group by 1.8% during the 1st quarter. SummerHaven Investment Management LLC now owns 73,841 shares of the business services provider’s stock valued at $744,000 after acquiring an additional 1,297 shares in the last quarter. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Stock Performance

HCSG stock opened at $15.18 on Friday. Healthcare Services Group has a one year low of $9.13 and a one year high of $16.91. The stock has a market capitalization of $1.10 billion, a PE ratio of 108.43 and a beta of 0.70. The company has a fifty day moving average of $15.61 and a 200-day moving average of $14.02.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Wednesday, July 23rd. The business services provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. Healthcare Services Group had a net margin of 0.61% and a return on equity of 11.74%. The company had revenue of $458.50 million during the quarter, compared to analysts’ expectations of $450.78 million. During the same quarter last year, the business earned $0.20 EPS. The business’s revenue was up 7.6% on a year-over-year basis. Healthcare Services Group has set its Q3 2025 guidance at EPS. Equities analysts forecast that Healthcare Services Group 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.