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

Key Points

• Healthcare Services Group's stock has received a "Hold (C-)" rating from Weiss Ratings, which was reaffirmed in a recent report.
• Analyst ratings for the company vary, with three analysts rating it as a Buy and three as a Hold, leading to a consensus rating of "Moderate Buy" and a price target of $16.25.
• In the latest quarter, the company reported $0.21 EPS, exceeding estimates, with revenues showing a 7.6% year-over-year increase to $458.50 million.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other research analysts have also commented on the company. Zacks Research lowered Healthcare Services Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 30th. Benchmark boosted their price target on Healthcare Services Group from $17.00 to $19.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Macquarie raised Healthcare Services Group from a "neutral" rating to an "outperform" rating and upped their target price for the company from $15.00 to $16.00 in a research report on Tuesday, July 29th. Robert W. Baird upped their target price on Healthcare Services Group from $13.00 to $15.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen lowered Healthcare Services Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $16.25.

Healthcare Services Group Trading Up 0.5%

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

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. The firm had revenue of $458.50 million during the quarter, compared to analyst estimates of $450.78 million. Healthcare Services Group had a return on equity of 11.74% and a net margin of 0.61%.The business's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 EPS. Healthcare Services Group has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Healthcare Services Group will post 0.74 EPS for the current year.

Insider Buying and Selling at Healthcare Services Group

In other news, EVP John Christopher Shea sold 21,368 shares of the stock in a transaction dated 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 directly owned 32,976 shares of the company's stock, valued at approximately $436,932. This represents a 39.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.60% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HCSG. GAMMA Investing LLC increased its holdings in shares of Healthcare Services Group by 852.4% in the first quarter. GAMMA Investing LLC now owns 20,352 shares of the business services provider's stock valued at $2,019,000 after purchasing an additional 18,215 shares during the period. SummerHaven Investment Management LLC increased its holdings 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 purchasing an additional 1,297 shares during the period. North Star Investment Management Corp. increased its holdings in shares of Healthcare Services Group by 1.8% in the first quarter. North Star Investment Management Corp. now owns 102,950 shares of the business services provider's stock valued at $1,038,000 after purchasing an additional 1,850 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Healthcare Services Group by 1,152.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 166,643 shares of the business services provider's stock valued at $1,680,000 after purchasing an additional 153,333 shares during the period. Finally, Teacher Retirement System of Texas increased its holdings in shares of Healthcare Services Group by 1.9% in the first quarter. Teacher Retirement System of Texas now owns 463,771 shares of the business services provider's stock valued at $4,675,000 after purchasing an additional 8,449 shares during the period. 97.97% of the stock is owned by institutional investors and hedge funds.

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.

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