Vanguard Trims Stake in Healthcare Services Group to 10.3%

TL;DR

**Vanguard just cut its stake in Healthcare Services Group to 10.3%.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Healthcare Services Group Inc. As of December 29, 2023, Vanguard reported beneficial ownership of 8,570,302 shares of Common Stock, representing 10.3% of the company's outstanding shares. This filing indicates a slight decrease in Vanguard's stake from its previous disclosure, which could signal a minor shift in their investment strategy for Healthcare Services Group Inc.

Why It Matters

This filing shows that a major institutional investor, Vanguard, has slightly reduced its ownership in Healthcare Services Group Inc., which could be interpreted by other investors as a signal about the stock's future prospects.

Risk Assessment

Risk Level: low — This filing represents a routine disclosure of an institutional investor's holdings and does not indicate any immediate or significant risk to the company or its shareholders.

Analyst Insight

Investors should note Vanguard's slight reduction in stake, but recognize that a 10.3% holding still signifies a substantial, long-term passive investment, suggesting continued institutional confidence despite the minor trim.

Key Numbers

• 8,570,302 — Shares Beneficially Owned (This is the total number of Common Stock shares of Healthcare Services Group Inc. that The Vanguard Group beneficially owns.)
• 10.3% — Percentage of Class (This represents the percentage of Healthcare Services Group Inc.'s Common Stock outstanding that The Vanguard Group beneficially owns.)
• December 29, 2023 — Date of Event (This is the specific date that triggered the requirement for The Vanguard Group to file this Schedule 13G/A amendment.)

Key Players & Entities

• The Vanguard Group (company) — the reporting person and institutional investor
• Healthcare Services Group Inc. (company) — the subject company whose securities are being reported
• 8,570,302 shares (dollar_amount) — the number of shares beneficially owned by Vanguard
• 10.3% (dollar_amount) — the percentage of outstanding shares owned by Vanguard
• December 29, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant, but potentially slightly reduced, passive stake in Healthcare Services Group Inc. over the next year. (The Vanguard Group) — high confidence, target: 2025-02-13

FAQ

Filing Documents

• tv01092-healthcareservicesgr.htm (SC 13G/A) — 11KB
• 0001104659-24-021094.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Healthcare Services Group Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 3220 Tillman Drive, Suite 300 Bensalem, PA 19020

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 421906108

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR