Rice Hall James & Associates LLC Purchases Shares of 155,676 Healthcare Services Group, Inc. $HCSG

Posted by Brenda Bartman on Aug 18th, 2026

Rice Hall James & Associates LLC purchased a new position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG – Free Report) in the second quarter, HoldingsChannel.com reports. The firm purchased 155,676 shares of the business services provider’s stock, valued at approximately $3,823,000.

Other hedge funds have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its position in shares of Healthcare Services Group by 454.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,405,952 shares of the business services provider’s stock valued at $26,080,000 after purchasing an additional 1,152,176 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Healthcare Services Group by 80.2% during the third quarter. Ameriprise Financial Inc. now owns 1,981,840 shares of the business services provider’s stock worth $33,354,000 after purchasing an additional 882,213 shares during the period. Bank of New York Mellon Corp bought a new stake in Healthcare Services Group in the second quarter worth approximately $10,438,000. Qube Research & Technologies Ltd increased its holdings in Healthcare Services Group by 1,116.3% in the second quarter. Qube Research & Technologies Ltd now owns 448,806 shares of the business services provider’s stock worth $6,746,000 after purchasing an additional 411,908 shares in the last quarter. Finally, Towle & Co. acquired a new position in Healthcare Services Group in the fourth quarter valued at approximately $7,396,000. 97.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HCSG. Zacks Research upgraded Healthcare Services Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. UBS Group lifted their price objective on shares of Healthcare Services Group from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. BMO Capital Markets boosted their target price on shares of Healthcare Services Group from $22.00 to $24.00 and gave the company a “market perform” rating in a research report on Thursday, April 23rd. Weiss Ratings raised shares of Healthcare Services Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen cut shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Healthcare Services Group has an average rating of “Moderate Buy” and a consensus price target of $26.20.

Get Our Latest Stock Analysis on HCSG

Healthcare Services Group Price Performance

Shares of NASDAQ HCSG opened at $21.59 on Tuesday. The stock has a market capitalization of $1.48 billion, a P/E ratio of 12.55 and a beta of 0.81. The company has a 50-day moving average price of $23.22 and a 200-day moving average price of $21.33. Healthcare Services Group, Inc. has a 1 year low of $15.03 and a 1 year high of $25.75.

Healthcare Services Group (NASDAQ:HCSG – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.10. Healthcare Services Group had a net margin of 6.59% and a return on equity of 18.97%. The company had revenue of $470.81 million for the quarter, compared to analyst estimates of $471.22 million. During the same quarter in the prior year, the business posted ($0.44) EPS. As a group, equities research analysts anticipate that Healthcare Services Group, Inc. will post 1.1 earnings per share for the current fiscal year.

Insider Transactions at Healthcare Services Group

In other Healthcare Services Group news, COO Andrew Kush sold 15,598 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $23.24, for a total transaction of $362,497.52. Following the completion of the sale, the chief operating officer directly owned 22,741 shares of the company’s stock, valued at approximately $528,500.84. The trade was a 40.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.90% of the company’s stock.

Healthcare Services Group Company Profile

(Free Report)

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.