Healthcare Services Group (NASDAQ:HCSG) Earns “Hold (C-)” Rating from Weiss Ratings

Healthcare Services Group (NASDAQ:HCSG)‘s stock had its “hold (c-)” rating reissued by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Other analysts also recently issued research reports about the company. Benchmark upped their target price on Healthcare Services Group from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Wall Street Zen downgraded Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 26th. Robert W. Baird increased their price target on Healthcare Services Group from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Macquarie upgraded Healthcare Services Group from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $15.00 to $16.00 in a research report on Tuesday, July 29th. Finally, Zacks Research downgraded Healthcare Services Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.25.

Healthcare Services Group Stock Up 0.5%

Shares of HCSG opened at $16.00 on Wednesday. Healthcare Services Group has a 52 week low of $9.13 and a 52 week high of $16.91. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 114.29 and a beta of 0.70. The stock’s 50-day moving average price is $15.51 and its 200-day moving average price is $13.95.

Healthcare Services Group (NASDAQ:HCSG) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $0.21 EPS for the quarter, topping 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 firm had revenue of $458.50 million for the quarter, compared to the consensus estimate of $450.78 million. During the same quarter in the prior year, the business earned $0.20 earnings per share. The company’s revenue was up 7.6% compared to the same quarter last year. Healthcare Services Group has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Healthcare Services Group will post 0.74 EPS for the current fiscal year.

Insider Buying and Selling at Healthcare Services Group

In other news, EVP John Christopher Shea sold 21,368 shares of the firm’s stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Healthcare Services Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC lifted its position in shares of Healthcare Services Group by 1.7% in the first 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 lifted its position in shares of Healthcare Services Group by 4.7% in the first 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 lifted its position in shares of Healthcare Services Group by 6.5% in the second 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 lifted its position in shares of Healthcare Services Group by 8.3% in the second 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 lifted its position in shares of Healthcare Services Group by 1.8% in the first 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.

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.