Ieq Capital LLC Acquires New Holdings in Healthcare Services Group, Inc. $HCSG

Posted by Brian Himes on Aug 25th, 2026

Ieq Capital LLC purchased a new stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 119,322 shares of the business services provider’s stock, valued at approximately $2,931,000.

A number of other institutional investors and hedge funds have also modified their holdings of HCSG. BlackRock Inc. bought a new stake in shares of Healthcare Services Group during the 2nd quarter worth $279,379,000. Arrowstreet Capital Limited Partnership boosted its holdings in Healthcare Services Group by 454.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,405,952 shares of the business services provider’s stock valued at $26,080,000 after acquiring an additional 1,152,176 shares during the period. Ameriprise Financial Inc. boosted its holdings 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 valued at $33,354,000 after acquiring an additional 882,213 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Healthcare Services Group in the second quarter valued at about $10,438,000. Finally, Qube Research & Technologies Ltd grew its position in shares of 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 valued at $6,746,000 after purchasing an additional 411,908 shares during the last quarter. 97.97% of the stock is currently owned by institutional investors and hedge funds.

Healthcare Services Group Trading Up 0.1%

Shares of NASDAQ HCSG opened at $22.80 on Tuesday. Healthcare Services Group, Inc. has a 1-year low of $15.13 and a 1-year high of $25.75. The company has a 50-day moving average of $23.31 and a two-hundred day moving average of $21.46. The company has a market cap of $1.56 billion, a PE ratio of 13.26 and a beta of 0.81.

Healthcare Services Group (NASDAQ:HCSG – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, beating 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 business had revenue of $470.81 million during the quarter, compared to analyst estimates of $471.22 million. During the same quarter last year, the business posted ($0.44) earnings per share. As a group, equities research analysts forecast that Healthcare Services Group, Inc. will post 1.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HCSG. UBS Group boosted their price objective on Healthcare Services Group from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Wall Street Zen downgraded Healthcare Services Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings raised shares of Healthcare Services Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Oppenheimer started coverage on Healthcare Services Group in a research report on Wednesday, August 19th. They issued an “outperform” rating and a $28.00 target price for the company. Finally, Zacks Research raised Healthcare Services Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.50.

Check Out Our Latest Stock Report on HCSG

Insider Activity at Healthcare Services Group

In other news, COO Andrew Kush sold 15,598 shares of the business’s stock in a transaction 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 owned 22,741 shares in the company, valued at $528,500.84. The trade was a 40.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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.