BlackRock Amends ATN International Stake as of Dec 31, 2023
Ticker: ATNI · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 879585
| Field | Detail |
|---|---|
| Company | Atn International, Inc. (ATNI) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its ATNI stake, signaling continued institutional interest.**
AI Summary
BlackRock Inc. has updated its ownership stake in ATN International, Inc. (ATNI) as of December 31, 2023, through an SC 13G/A filing. This amendment, number 2, indicates BlackRock's continued passive investment in ATNI's Common Stock. While the specific percentage of ownership isn't detailed in the provided text, the filing confirms BlackRock remains a significant institutional holder, which can signal confidence in the company's long-term prospects for current and potential ATNI shareholders.
Why It Matters
Large institutional ownership by firms like BlackRock can provide stability and a vote of confidence in a company, potentially influencing other investors and the stock's perception.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate negative or positive risk to the company.
Analyst Insight
Investors should note BlackRock's continued, passive institutional holding in ATN International, Inc., which suggests a stable long-term view from a major asset manager. This information can be used as one data point among many when evaluating ATNI's investment profile.
Key Players & Entities
- BlackRock Inc. (company) — filing an amendment to its ownership in ATN International, Inc.
- ATN International, Inc. (company) — the subject company in which BlackRock Inc. holds securities
- December 31, 2023 (date) — the date of the event which required the filing of this statement
- 00215F107 (other) — the CUSIP number for ATN International Inc.'s Common Stock
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in ATN International, Inc. throughout 2024. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No: 2, filed under Rule 13d-1(b).
Who is the reporting person in this filing?
The reporting person, or the entity filing this statement, is BlackRock Inc., with a Central Index Key (CIK) of 0001364742.
What is the subject company of this filing?
The subject company, or the issuer whose securities are being reported, is ATN International, Inc., with a Central Index Key (CIK) of 0000879585.
What is the date of the event that triggered this filing?
The date of the event which required the filing of this statement is December 31, 2023.
What class of securities is BlackRock Inc. reporting its ownership in for ATN International, Inc.?
BlackRock Inc. is reporting its ownership in the Common Stock of ATN International, Inc.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding ATN International, Inc. (ATNI).