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

Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $16.25.

HCSG has been the subject of a number of recent analyst reports. Zacks Research cut Healthcare Services Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Macquarie raised Healthcare Services Group from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $15.00 to $16.00 in a report on Tuesday, July 29th. Wall Street Zen cut Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 26th. Robert W. Baird lifted their price target on Healthcare Services Group from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Finally, Benchmark lifted their price target on Healthcare Services Group from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, July 24th.

Insiders Place Their Bets

In other Healthcare Services Group news, EVP John Christopher Shea sold 21,368 shares of Healthcare Services Group stock in a transaction on Monday, July 28th. The stock was 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 directly owned 32,976 shares of the company’s stock, valued at $436,932. The trade was a 39.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Healthcare Services Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HCSG. Nuveen LLC bought a new position in shares of Healthcare Services Group in the 1st quarter valued at $11,745,000. Arrowstreet Capital Limited Partnership increased 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 valued at $22,497,000 after purchasing an additional 1,056,705 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Healthcare Services Group by 183.0% in the 2nd quarter. American Century Companies Inc. now owns 1,278,993 shares of the business services provider’s stock valued at $19,223,000 after purchasing an additional 827,057 shares during the last quarter. CSM Advisors LLC bought a new position in shares of Healthcare Services Group in the 2nd quarter valued at $8,864,000. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in shares of Healthcare Services Group by 90.5% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,190,280 shares of the business services provider’s stock valued at $11,998,000 after purchasing an additional 565,520 shares during the last quarter. 97.97% of the stock is owned by institutional investors and hedge funds.

Healthcare Services Group Stock Up 0.5%

HCSG opened at $16.00 on Friday. Healthcare Services Group has a 12-month low of $9.13 and a 12-month high of $16.91. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 114.29 and a beta of 0.70. The business has a 50 day moving average of $15.51 and a 200-day moving average of $13.95.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. Healthcare Services Group had a return on equity of 11.74% and a net margin of 0.61%.The company had revenue of $458.50 million during the quarter, compared to analysts’ expectations of $450.78 million. During the same period last year, the firm posted $0.20 earnings per share. 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. As a group, analysts expect that Healthcare Services Group will post 0.74 earnings per share for the current year.

Healthcare Services Group Company Profile

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.