BlackRock Discloses 7.9% Passive Stake in Alphatec Holdings
Ticker: ATEC · Form: SC 13G · Filed: Jan 29, 2024 · CIK: 1350653
| Field | Detail |
|---|---|
| Company | Alphatec Holdings, Inc. (ATEC) |
| Form Type | SC 13G |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**BlackRock owns 7.9% of Alphatec, signaling institutional confidence.**
AI Summary
BlackRock, Inc., a major investment firm, reported on January 29, 2024, that it holds 10,211,048 shares of Alphatec Holdings, Inc. (ticker: ATEC) Common Stock as of December 31, 2023. This represents a 7.9% ownership stake in the surgical and medical instruments company. This matters to investors because BlackRock's significant, passive stake indicates a long-term, institutional belief in Alphatec's value, potentially signaling stability and confidence in the company's future to other shareholders.
Why It Matters
BlackRock's substantial ownership stake in Alphatec Holdings, Inc. suggests institutional confidence, which can positively influence investor sentiment and stock stability.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces risk by signaling stability rather than an activist challenge.
Analyst Insight
Investors should view BlackRock's passive 7.9% stake as a vote of confidence, potentially indicating long-term value and stability for Alphatec Holdings, Inc. stock.
Key Numbers
- 10,211,048 — Shares Beneficially Owned (BlackRock's total shares in Alphatec Holdings, Inc.)
- 7.9% — Percentage of Class Owned (BlackRock's ownership stake in Alphatec Holdings, Inc.)
- December 31, 2023 — Reporting Date (The date as of which BlackRock's ownership was calculated.)
Key Players & Entities
- BlackRock, Inc. (company) — reporting person and investment firm
- Alphatec Holdings, Inc. (company) — subject company, surgical & medical instruments & apparatus
- 10,211,048 (dollar_amount) — number of shares beneficially owned by BlackRock
- 7.9% (dollar_amount) — percentage of class owned by BlackRock
- December 31, 2023 (date) — date of event requiring the filing
- January 29, 2024 (date) — filing date
Forward-Looking Statements
- Alphatec Holdings, Inc. stock may experience increased stability due to BlackRock's significant, passive institutional ownership. (Alphatec Holdings, Inc.) — medium confidence, target: Next 6-12 months
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is BlackRock, Inc., a major investment management corporation, as stated in the filing under 'Names of reporting persons'.
What is the subject company of this SC 13G filing?
The subject company is Alphatec Holdings, Inc., identified under 'Name of Issuer' and with CIK 0001350653, which operates in the surgical & medical instruments & apparatus industry.
How many shares of Alphatec Holdings, Inc. Common Stock does BlackRock, Inc. beneficially own according to this filing?
BlackRock, Inc. beneficially owns 10,211,048 shares of Alphatec Holdings, Inc. Common Stock, as detailed in the filing's cover page.
What percentage of Alphatec Holdings, Inc.'s Common Stock does BlackRock, Inc.'s ownership represent?
BlackRock, Inc.'s ownership represents 7.9% of the class of Alphatec Holdings, Inc. Common Stock, as indicated in the filing.
What was the 'Date of Event Which Requires Filing of this Statement' for this SC 13G?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified in the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 29, 2024 regarding Alphatec Holdings, Inc. (ATEC).