BlackRock Updates AdvanSix Stake as of Dec 31, 2023
Ticker: ASIX · Form: SC 13G/A · Filed: Jan 19, 2024 · CIK: 1673985
| Field | Detail |
|---|---|
| Company | Advansix Inc. (ASIX) |
| Form Type | SC 13G/A |
| Filed Date | Jan 19, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock just updated its AdvanSix stake, showing its position as of year-end 2023.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 19, 2024, indicating its ownership of AdvanSix Inc. common stock as of December 31, 2023. This filing, Amendment No. 2, updates their previous disclosures regarding their stake in AdvanSix, a company in the plastics and materials industry. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in a company's future prospects, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated ownership in AdvanSix, providing transparency on a major institutional investor's position, which can influence market perception and stock price.
Risk Assessment
Risk Level: low — This is a routine disclosure of institutional ownership and does not inherently signal high risk.
Analyst Insight
Investors should note BlackRock's continued presence as a significant holder in AdvanSix, but this filing alone doesn't provide enough detail to infer a strong bullish or bearish signal without the actual share count and percentage of ownership.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person filing the SC 13G/A
- AdvanSix Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event which requires the filing
- January 19, 2024 (date) — the date the SC 13G/A was filed
- 00773T101 (other) — the CUSIP number for AdvanSix Inc. Common Stock
FAQ
What type of filing is this document and what does it amend?
This document is an SC 13G/A, which is an amendment to a Schedule 13G. Specifically, it is Amendment No. 2, as stated on the cover page.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as identified in the 'Names of reporting persons' section on the cover page.
What is the subject company whose securities are being reported?
The subject company is AdvanSix Inc., as stated under 'Name of Issuer' on the Schedule 13G form.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of AdvanSix Inc. is 00773T101, as listed on the Schedule 13G form.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified on the Schedule 13G form.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 19, 2024 regarding AdvanSix Inc. (ASIX).