Royce & Associates Discloses 3.9M Share Stake in Healthcare Services Group
Ticker: HCSG · Form: SC 13G · Filed: Jan 23, 2024 · CIK: 731012
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, SC-13G, shareholder-disclosure
TL;DR
**Royce & Associates just revealed a big 3.9M share position in HCSG as of year-end!**
AI Summary
Royce & Associates, LP, a New York-based investment firm, reported beneficial ownership of 3,914,207 shares of Healthcare Services Group, Inc. common stock as of December 31, 2023. This filing indicates that Royce & Associates holds significant sole voting power over these shares. For investors, this means a major institutional investor has a substantial stake, potentially signaling confidence in the company's future, but also that their future trading decisions could influence the stock price.
Why It Matters
A large institutional holding by Royce & Associates can influence investor sentiment and the stock's liquidity, as their buying or selling activity could move the market.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of an institutional holding and does not inherently signal high risk, but rather transparency.
Analyst Insight
Investors should note this significant institutional holding as it provides transparency into major ownership, but should conduct further due diligence before making investment decisions based solely on this filing.
Key Numbers
- 3,914,207 — Shares Beneficially Owned (Represents the sole voting power held by Royce & Associates, LP in Healthcare Services Group, Inc.)
Key Players & Entities
- Royce & Associates, LP (company) — the reporting person and institutional investor
- Healthcare Services Group, Inc. (company) — the subject company whose shares are being reported
- 3,914,207 (dollar_amount) — number of shares beneficially owned with sole voting power
- December 31, 2023 (date) — date of the event requiring the filing
- New York (company) — place of organization for Royce & Associates, LP
Forward-Looking Statements
- Royce & Associates, LP will maintain a significant stake in Healthcare Services Group, Inc. for the foreseeable future. (Royce & Associates, LP) — medium confidence, target: 2025-01-23
FAQ
What is the name of the reporting person in this SC 13G filing?
The reporting person is Royce & Associates, LP, as stated in the 'NAME OF REPORTING PERSON' section of the filing.
Which company's securities are the subject of this filing?
The subject company is Healthcare Services Group, Inc., as indicated under 'Name of Issuer' and 'COMPANY CONFORMED NAME' in the filing.
How many shares does Royce & Associates, LP have sole voting power over?
Royce & Associates, LP has sole voting power over 3,914,207 shares, as detailed in 'NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER'.
What was the date of the event that required this SC 13G filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the filing.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Healthcare Services Group, Inc. is 421906108, as listed in the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 23, 2024 regarding HEALTHCARE SERVICES GROUP INC (HCSG).