BlackRock Updates Century Aluminum Stake in SC 13G/A Filing
Ticker: CENX · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 949157
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock just updated its Century Aluminum holdings, signaling its current position.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 24, 2024, indicating its ownership of Century Aluminum Co. common stock as of December 31, 2023. This filing, Amendment No. 3, updates their previous disclosures regarding their stake in the aluminum producer. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in Century Aluminum Co.'s future performance.
Why It Matters
This filing shows BlackRock's continued significant, albeit passive, investment in Century Aluminum Co., which can influence market perception and trading activity for the stock.
Risk Assessment
Risk Level: low — This is a routine disclosure filing by a large institutional investor and does not indicate any immediate significant risk.
Analyst Insight
An investor should note BlackRock's continued presence as a significant shareholder in Century Aluminum Co., but this filing alone doesn't suggest a change in investment strategy. Further analysis of BlackRock's specific share count (not provided in this excerpt) would be needed to assess any increase or decrease in their stake.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- CENTURY ALUMINUM CO (company) — the issuer whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 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 filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 3'.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.'.
What is the subject company whose securities are being reported?
The subject company is CENTURY ALUMINUM CO, as indicated by 'Name of Issuer) CENTURY ALUMINUM CO'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as stated in the filing.
Under which rule of the Securities Exchange Act of 1934 was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' next to '[X] Rule 13d-1(b)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding CENTURY ALUMINUM CO (CENX).