Janus Henderson Group PLC Purchases 140,708 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Janus Henderson Group PLC grew its stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 12.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,266,785 shares of the business services provider's stock after acquiring an additional 140,708 shares during the period. Janus Henderson Group PLC owned about 1.73% of Healthcare Services Group worth $14,714,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Wealthfront Advisers LLC acquired a new stake in Healthcare Services Group in the fourth quarter valued at approximately $166,278,000. Raymond James Financial Inc. bought a new stake in shares of Healthcare Services Group in the 4th quarter worth approximately $5,909,000. First Eagle Investment Management LLC bought a new stake in Healthcare Services Group in the 4th quarter valued at $3,031,000. Franklin Resources Inc. raised its position in Healthcare Services Group by 41.7% in the fourth quarter. Franklin Resources Inc. now owns 794,613 shares of the business services provider's stock worth $9,229,000 after purchasing an additional 234,025 shares in the last quarter. Finally, Dean Investment Associates LLC bought a new position in shares of Healthcare Services Group during the 4th quarter worth approximately $2,607,000. Institutional investors and hedge funds own 97.97% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HCSG shares. StockNews.com raised Healthcare Services Group from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Macquarie upped their price target on shares of Healthcare Services Group from $13.00 to $15.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Robert W. Baird lifted their price objective on shares of Healthcare Services Group from $12.00 to $13.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. Finally, UBS Group upgraded Healthcare Services Group from a "neutral" rating to a "buy" rating and raised their price target for the company from $12.00 to $15.00 in a research note on Thursday, April 24th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $14.80.

Healthcare Services Group Price Performance

Shares of NASDAQ HCSG traded up $0.11 during trading on Tuesday, reaching $14.78. 369,863 shares of the stock traded hands, compared to its average volume of 502,701. The company has a 50-day moving average of $11.67 and a 200-day moving average of $11.55. Healthcare Services Group, Inc. has a 52-week low of $9.13 and a 52-week high of $14.90. The stock has a market capitalization of $1.08 billion, a P/E ratio of 27.37 and a beta of 0.55.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.05. Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. The company had revenue of $447.66 million for the quarter, compared to analysts' expectations of $443.82 million. During the same period last year, the firm posted $0.22 EPS. Healthcare Services Group's revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts expect that Healthcare Services Group, Inc. will post 0.74 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.