Janus Henderson Group PLC Has $16.51 Million Stake in Healthcare Services Group, Inc. $HCSG

Janus Henderson Group PLC boosted its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 5.5% during the 1st quarter, HoldingsChannel reports. The firm owned 890,035 shares of the business services provider’s stock after buying an additional 46,427 shares during the quarter. Janus Henderson Group PLC’s holdings in Healthcare Services Group were worth $16,510,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its position in Healthcare Services Group by 123.6% during the first quarter. Empowered Funds LLC now owns 215,824 shares of the business services provider’s stock valued at $4,004,000 after buying an additional 119,290 shares during the period. Ritholtz Wealth Management acquired a new stake in Healthcare Services Group during the 4th quarter worth about $1,008,000. Dimensional Fund Advisors LP boosted its position in Healthcare Services Group by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,400,681 shares of the business services provider’s stock worth $44,534,000 after acquiring an additional 62,689 shares during the period. Y Intercept Hong Kong Ltd grew its stake in Healthcare Services Group by 616.2% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 74,230 shares of the business services provider’s stock valued at $1,377,000 after acquiring an additional 63,866 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in Healthcare Services Group by 298.1% during the 4th quarter. SG Americas Securities LLC now owns 43,739 shares of the business services provider’s stock valued at $836,000 after acquiring an additional 32,752 shares in the last quarter. 97.97% of the stock is owned by institutional investors and hedge funds.

Healthcare Services Group Price Performance

Shares of NASDAQ HCSG opened at $23.41 on Tuesday. Healthcare Services Group, Inc. has a one year low of $13.06 and a one year high of $25.75. The business’s 50-day moving average price is $22.93 and its two-hundred day moving average price is $21.13. The company has a market capitalization of $1.61 billion, a P/E ratio of 13.61 and a beta of 0.81.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.10. The company had revenue of $470.81 million during the quarter, compared to the consensus estimate 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 last year, the business earned ($0.44) EPS. On average, equities analysts anticipate that Healthcare Services Group, Inc. will post 1.01 EPS for the current year.

Wall Street Analyst Weigh In

HCSG has been the topic of a number of research reports. Zacks Research downgraded Healthcare Services Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. UBS Group raised their price target 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. Wall Street Zen downgraded shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a research report on Saturday. BMO Capital Markets upped their price objective on shares of Healthcare Services Group from $22.00 to $24.00 and gave the company a “market perform” rating in a research note on Thursday, April 23rd. Finally, Benchmark increased their target price on shares of Healthcare Services Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $26.20.

About Healthcare Services Group

Healthcare Services Group, Inc (NASDAQ: HCSG) is a leading provider of support services to healthcare facilities across the United States. The company specializes in environmental services, including housekeeping and sanitation, as well as linen and laundry management. In addition, Healthcare Services Group offers dietary and nutrition services, catering to hospitals, skilled nursing facilities, assisted living communities and other long-term care providers.

Founded as a family-owned business in the late 1970s, the company completed its initial public offering in 1997.