Franklin Resources Inc. Has $9.23 Million Stock Holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Franklin Resources Inc. increased its holdings in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 41.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 794,613 shares of the business services provider's stock after purchasing an additional 234,025 shares during the quarter. Franklin Resources Inc. owned 1.08% of Healthcare Services Group worth $9,229,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. WINTON GROUP Ltd increased its holdings in Healthcare Services Group by 9.6% during the 4th quarter. WINTON GROUP Ltd now owns 104,924 shares of the business services provider's stock worth $1,219,000 after purchasing an additional 9,204 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Healthcare Services Group in the fourth quarter valued at about $381,000. Vanguard Group Inc. raised its stake in Healthcare Services Group by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 8,276,610 shares of the business services provider's stock valued at $96,133,000 after buying an additional 23,373 shares in the last quarter. LPL Financial LLC grew its position in shares of Healthcare Services Group by 45.6% in the 4th quarter. LPL Financial LLC now owns 21,048 shares of the business services provider's stock worth $244,000 after acquiring an additional 6,591 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Healthcare Services Group in the 4th quarter valued at approximately $167,000. Hedge funds and other institutional investors own 97.97% of the company's stock.

Analyst Ratings Changes

HCSG has been the topic of several recent research reports. Benchmark reissued a "buy" rating and issued a $17.00 price target on shares of Healthcare Services Group in a report on Thursday, December 19th. StockNews.com downgraded Healthcare Services Group from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Macquarie initiated coverage on shares of Healthcare Services Group in a research note on Monday, December 16th. They issued a "neutral" rating and a $13.00 price objective on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Healthcare Services Group has an average rating of "Hold" and a consensus price target of $14.00.

Healthcare Services Group Stock Performance

Shares of HCSG traded up $0.02 during trading hours on Monday, reaching $9.79. 55,386 shares of the company traded hands, compared to its average volume of 467,692. The stock's fifty day moving average is $10.50 and its 200 day moving average is $11.11. The stock has a market cap of $719.52 million, a P/E ratio of 18.13 and a beta of 0.62. Healthcare Services Group, Inc. has a 1-year low of $9.50 and a 1-year high of $12.99.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.04). Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. On average, equities research analysts predict that Healthcare Services Group, Inc. will post 0.74 EPS for the current year.

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.