Healthcare Services Group, Inc. (NASDAQ:HCSG) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 2,698.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 919,069 shares of the business services provider’s stock after acquiring an additional 886,230 shares during the period. Janus Henderson Group PLC’s holdings in Healthcare Services Group were worth $11,470,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of Healthcare Services Group in the 1st quarter worth approximately $27,000. Financial Management Professionals Inc. acquired a new stake in shares of Healthcare Services Group in the 1st quarter worth about $55,000. PNC Financial Services Group Inc. lifted its position in Healthcare Services Group by 38.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,186 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 1,714 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Healthcare Services Group by 14.0% during the 4th quarter. Victory Capital Management Inc. now owns 14,586 shares of the business services provider’s stock valued at $151,000 after purchasing an additional 1,795 shares during the period. Finally, CWM LLC grew its position in Healthcare Services Group by 12.9% in the 1st quarter. CWM LLC now owns 12,357 shares of the business services provider’s stock worth $154,000 after purchasing an additional 1,411 shares during the last quarter. Institutional investors own 97.97% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Royal Bank of Canada reduced their price objective on Healthcare Services Group from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Benchmark reissued a “buy” rating and issued a $17.00 price target on shares of Healthcare Services Group in a research note on Thursday, July 25th. Finally, Robert W. Baird lifted their price objective on shares of Healthcare Services Group from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $14.50.

Healthcare Services Group Stock Performance

Shares of NASDAQ HCSG opened at $11.13 on Friday. Healthcare Services Group, Inc. has a 1 year low of $8.75 and a 1 year high of $13.01. The stock has a fifty day moving average price of $10.81 and a two-hundred day moving average price of $11.16. The firm has a market cap of $816.72 million, a P/E ratio of 19.53 and a beta of 0.53.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Wednesday, July 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. Healthcare Services Group had a return on equity of 12.58% and a net margin of 1.82%. The firm had revenue of $426.30 million for the quarter, compared to analyst estimates of $424.94 million. During the same period in the previous year, the company earned $0.12 earnings per share. Healthcare Services Group’s revenue was up 1.8% compared to the same quarter last year. On average, research analysts predict that Healthcare Services Group, Inc. will post 0.56 earnings per share for the current fiscal year.

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.