BlackRock Amends Apogee Enterprises Stake as of Dec 31, 2023
Ticker: APOG · Form: SC 13G/A · Filed: Jan 19, 2024 · CIK: 6845
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its Apogee stake, signaling a potential shift in institutional sentiment.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 19, 2024, disclosing its ownership of Apogee Enterprises Inc. common stock as of December 31, 2023. This amendment, the third for BlackRock, indicates a change in their beneficial ownership, which is important for investors as BlackRock is a major institutional investor and changes in their holdings can signal shifts in their outlook on the company's future performance.
Why It Matters
This filing shows BlackRock's updated stake in Apogee Enterprises, providing transparency on a major institutional investor's position, which can influence market perception and trading decisions.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership and does not inherently present a direct risk to the company or its investors.
Analyst Insight
Investors should monitor subsequent filings from BlackRock or other major institutions to identify any significant changes in their ownership percentages, which could indicate a stronger bullish or bearish sentiment towards Apogee Enterprises Inc.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Apogee Enterprises Inc. (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 19, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 3)'.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What is the subject company of this filing?
The subject company is APOGEE ENTERPRISES, INC., as identified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: APOGEE ENTERPRISES, INC.'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the filing.
What rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?
This Schedule 13G is filed under Rule 13d-1(b), indicated by '[X] Rule 13d-1(b)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 19, 2024 regarding APOGEE ENTERPRISES, INC. (APOG).