BlackRock Amends Albany Intl. Stake Filing (SC 13G/A)
Ticker: AIN · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 819793
| Field | Detail |
|---|---|
| Company | Albany International Corp /De/ (AIN) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its Albany International stock ownership, watch for shifts in institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating its ownership of Class A Common Stock in Albany International Corp. /DE/ as of December 31, 2023. This filing is an amendment (Amendment No. 2) to a previous filing, showing a change in BlackRock's beneficial ownership. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in Albany International's future performance, potentially influencing other investors' decisions.
Why It Matters
This filing updates BlackRock's reported ownership in Albany International, providing transparency on a significant institutional investor's position, which can impact market sentiment.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership and does not inherently signal high risk, but rather provides transparency.
Analyst Insight
Investors should note BlackRock's continued involvement with Albany International Corp. and monitor future filings for significant changes in their ownership percentage, which could signal a shift in their investment thesis.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Albany International Corp /DE/ (company) — the subject company whose Class A Common Stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the date the SC 13G/A was filed
- 012348108 (number) — the CUSIP Number for Albany International Corp's Class A Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 2'.
Who is the 'subject company' in this filing?
The subject company is ALBANY INTERNATIONAL CORP /DE/, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ALBANY INTERNATIONAL CORP /DE/'.
Who is the 'filed by' entity in this document?
The entity that filed this document is BlackRock Inc., as indicated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP Number for the Class A Common Stock of Albany International Corp is 012348108, as listed under '(CUSIP Number) 012348108'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires the filing of this statement was December 31, 2023, as specified in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding ALBANY INTERNATIONAL CORP /DE/ (AIN).