EARNEST Partners Discloses 2.02M Share Stake in Albany Intl.
Ticker: AIN · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 819793
| Field | Detail |
|---|---|
| Company | Albany International Corp /De/ (AIN) |
| Form Type | SC 13G/A |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**EARNEST Partners still holds over 2 million shares of Albany International, showing continued institutional confidence.**
AI Summary
EARNEST Partners, LLC, an investment advisor based in Atlanta, GA, filed an amended Schedule 13G/A on February 12, 2024, disclosing its ownership of 2,025,517 shares of Class A Common Stock in ALBANY INTERNATIONAL CORP /DE/ as of December 31, 2023. This filing indicates that EARNEST Partners holds sole voting power over these shares, representing a significant institutional stake in the company. This matters to investors because it shows a major institutional investor's continued, substantial interest in Albany International, potentially signaling confidence in the company's future performance.
Why It Matters
This filing reveals a major institutional investor's current holdings, which can influence market perception and provide insight into large-scale investment trends for Albany International Corp.
Risk Assessment
Risk Level: low — This filing is a routine update from an institutional investor and does not indicate any immediate negative or positive risks to the company.
Analyst Insight
Investors should note the continued institutional ownership by EARNEST Partners, LLC, but also research Albany International's fundamentals and recent performance to make informed decisions, as this filing is a routine disclosure of past holdings.
Key Numbers
- 2,025,517 — Shares of Class A Common Stock (Represents the sole voting power shares held by EARNEST Partners, LLC in Albany International Corp.)
Key Players & Entities
- EARNEST Partners, LLC (company) — the reporting person and institutional investor
- ALBANY INTERNATIONAL CORP /DE/ (company) — the subject company whose stock is being reported
- 2,025,517 (dollar_amount) — the number of shares of Class A Common Stock with sole voting power held by EARNEST Partners, LLC
- December 31, 2023 (date) — the date of the event which required the filing of this statement
- February 12, 2024 (date) — the filing date of the SC 13G/A amendment
- Delaware (company) — place of organization for EARNEST Partners, LLC
Forward-Looking Statements
- EARNEST Partners, LLC will likely maintain a significant stake in ALBANY INTERNATIONAL CORP /DE/ for the foreseeable future. (EARNEST Partners, LLC) — medium confidence, target: 12/31/2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is EARNEST Partners, LLC, as stated in Item 1 of the filing.
What is the name of the issuer whose securities are being reported?
The issuer is ALBANY INTERNATIONAL CORP., as identified in the 'Name of Issuer' section of the filing.
What type of securities are covered by this filing?
The filing covers Class A Common Stock of ALBANY INTERNATIONAL CORP., as specified under 'Title of Class of Securities'.
As of what date was the ownership reported in this filing?
The date of the event which required the filing of this statement was December 31, 2023, as indicated in the filing.
How many shares does EARNEST Partners, LLC have sole voting power over?
EARNEST Partners, LLC has sole voting power over 2,025,517 shares, as detailed in Item 5 of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 12, 2024 regarding ALBANY INTERNATIONAL CORP /DE/ (AIN).