Healthcare Services Group, Inc. (NASDAQ:HCSG) Position Trimmed by Janus Henderson Group PLC

Janus Henderson Group PLC cut its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 24.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,126,077 shares of the business services provider's stock after selling 357,799 shares during the period. Janus Henderson Group PLC owned about 1.54% of Healthcare Services Group worth $12,578,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position in Healthcare Services Group by 804.0% during the third quarter. Farther Finance Advisors LLC now owns 2,730 shares of the business services provider's stock worth $30,000 after buying an additional 2,428 shares in the last quarter. Headlands Technologies LLC increased its position in Healthcare Services Group by 44.4% during the 2nd quarter. Headlands Technologies LLC now owns 3,107 shares of the business services provider's stock worth $33,000 after purchasing an additional 955 shares in the last quarter. Financial Management Professionals Inc. raised its stake in Healthcare Services Group by 85.7% in the 3rd quarter. Financial Management Professionals Inc. now owns 8,180 shares of the business services provider's stock valued at $91,000 after purchasing an additional 3,774 shares during the last quarter. International Assets Investment Management LLC raised its stake in Healthcare Services Group by 1,017.5% in the 3rd quarter. International Assets Investment Management LLC now owns 10,292 shares of the business services provider's stock valued at $1,150,000 after purchasing an additional 9,371 shares during the last quarter. Finally, Bleakley Financial Group LLC purchased a new position in Healthcare Services Group in the 3rd quarter valued at about $116,000. 97.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on HCSG shares. Robert W. Baird reduced their target price on Healthcare Services Group from $14.00 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday, October 24th. StockNews.com upgraded shares of Healthcare Services Group from a "hold" rating to a "buy" rating in a report on Friday. Finally, Benchmark reissued a "buy" rating and issued a $17.00 target price on shares of Healthcare Services Group in a research report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $14.00.

Healthcare Services Group Stock Performance

Shares of NASDAQ HCSG traded up $0.15 during midday trading on Monday, hitting $12.57. The company's stock had a trading volume of 356,909 shares, compared to its average volume of 488,220. Healthcare Services Group, Inc. has a 1-year low of $8.98 and a 1-year high of $13.00. The firm's fifty day moving average price is $11.27 and its 200-day moving average price is $10.98. The firm has a market cap of $921.26 million, a P/E ratio of 18.22 and a beta of 0.55.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. Healthcare Services Group had a net margin of 2.95% and a return on equity of 12.59%. The firm had revenue of $428.10 million during the quarter, compared to analyst estimates of $429.95 million. During the same period in the previous year, the business posted $0.17 EPS. Healthcare Services Group's revenue was up 4.1% on a year-over-year basis. As a group, research analysts predict that Healthcare Services Group, Inc. will post 0.81 earnings per share for the current fiscal year.

Healthcare Services Group 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.