[SCHEDULE 13G/A] Healthcare Services Group SEC Filing
Rhea-AI Filing Summary
Mackenzie Financial Corporation reports beneficial ownership of 4,128,499 common shares of Healthcare Services Group Inc., representing 5.66% of the class. The filing states Mackenzie holds sole voting and dispositive power over these shares and that the holdings were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer. The statement is filed under Schedule 13G reporting rules and identifies Mackenzie as an investment adviser organized in Ontario, Canada, with the shares listed under CUSIP 421906108. The filing includes a certification of accuracy signed by Mackenzie’s Vice‑President & Chief Compliance Officer.
Positive
- Material institutional stake disclosed: Mackenzie beneficially owns 4,128,499 shares (5.66%), meeting the reportable threshold.
- Sole voting and dispositive power: The filer reports sole authority to vote and dispose of the shares, centralizing decision rights within Mackenzie.
- Filed as passive Schedule 13G: The filing and certification state the holdings are held in the ordinary course of business and not to influence control.
Negative
- None.
Insights
TL;DR: Mackenzie discloses a >5% passive stake (5.66%) with sole voting/dispositive power — a reportable, non‑control position.
Mackenzie Financial’s Schedule 13G shows it beneficially owns 4,128,499 shares (5.66%) of HCSG and claims sole voting and dispositive authority. Filing under Schedule 13G and the explicit certification indicate the holder views this as a passive investment, not intended to influence control. For investors, a >5% passive stake is material because it signals a significant institutional ownership position, but the filer’s stated non‑control intent reduces immediate governance implications.
TL;DR: Material ownership disclosed but explicitly non‑control; monitor for any future amendments or Schedule 13D if intent changes.
The disclosure identifies Mackenzie as an investment adviser with sole voting and dispositive power over the shares reported. While sole power typically implies operational control over voting, the Schedule 13G classification and certifications denote passive intent. This combination warrants attention: the position is large enough to affect shareholder composition, yet the filer asserts no intent to change control. Future filings could alter the governance impact if the filer changes its intent or increases the stake.