Healthcare Services Group (NASDAQ:HCSG) Stock Rating Cut to “Hold” at Zacks Research

Posted by Francis Steltz on Oct 1st, 2026

Zacks Research lowered shares of Healthcare Services Group (NASDAQ:HCSG – Free Report) from a strong-buy rating to a hold rating in a report issued on Tuesday,Zacks reports.

HCSG has been the subject of a number of other research reports. Weiss Ratings upgraded shares of Healthcare Services Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, September 25th. UBS Group raised their price objective on shares of Healthcare Services Group from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Oppenheimer assumed coverage on shares of 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, Wall Street Zen lowered shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.50.

Get Our Latest Stock Analysis on HCSG

Healthcare Services Group Stock Down 2.2%

Shares of NASDAQ HCSG opened at $20.45 on Tuesday. Healthcare Services Group has a fifty-two week low of $15.13 and a fifty-two week high of $25.75. The business has a 50 day moving average price of $22.07 and a two-hundred day moving average price of $21.65. The firm has a market cap of $1.40 billion, a PE ratio of 11.89 and a beta of 0.80.

Healthcare Services Group (NASDAQ:HCSG – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.10. The company had revenue of $470.81 million for the quarter, compared to analyst estimates of $471.22 million. Healthcare Services Group had a return on equity of 18.97% and a net margin of 6.59%.During the same period in the prior year, the company posted ($0.44) EPS. On average, analysts anticipate that Healthcare Services Group will post 1.14 earnings per share for the current year.

Insider Buying and Selling at Healthcare Services Group

In related news, COO Andrew Kush sold 15,598 shares of the company’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 sale, the chief operating officer directly owned 22,741 shares of the company’s stock, valued at approximately $528,500.84. This represents a 40.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Healthcare Services Group

A number of hedge funds have recently added to or reduced their stakes in HCSG. BlackRock Inc. bought a new stake in Healthcare Services Group during the 2nd quarter valued at $279,379,000. Arrowstreet Capital Limited Partnership boosted its position in 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 worth $26,080,000 after acquiring an additional 1,152,176 shares during the period. Jupiter Topco LLC bought a new position in shares of Healthcare Services Group in the second quarter worth $22,406,000. Palisade Capital Management LP bought a new position in shares of Healthcare Services Group in the second quarter worth $17,845,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Healthcare Services Group during the second quarter valued at $10,438,000. Institutional investors and hedge funds own 97.97% of the company’s stock.

Healthcare Services Group Company Profile

(Get Free Report)

Healthcare Services Group, Inc (NASDAQ:HCSG) provides outsourced support services to healthcare and senior living facilities across the United States. Its primary customers include nursing homes, post-acute care centers, hospitals, assisted living communities and other healthcare-related facilities.

The company operates through two principal service areas. Its environmental services business provides housekeeping, laundry and linen management, waste handling and related services. Its dietary services business supports food procurement, meal preparation, dining operations and nutrition-related programs for residents and patients.

Healthcare Services Group was founded in 1976 and has historically focused on helping healthcare providers manage nonclinical operations through contract-based services.