BlackRock Amends Cooper Cos. Stake, Signals Portfolio Adjustment
Ticker: COO · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 711404
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock just updated its Cooper Companies Inc. stake, keep an eye on the stock.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating a change in its ownership of Cooper Companies Inc. common stock as of December 31, 2023. This filing, Amendment No. 14, updates their previous disclosures regarding their passive investment in the ophthalmic goods company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their confidence or investment strategy regarding Cooper Companies Inc.
Why It Matters
Changes in large institutional holdings like BlackRock's can influence market perception and stock price, as other investors often follow the lead of major players.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate, significant risk to the company or its stock.
Analyst Insight
Investors should monitor BlackRock's future filings for Cooper Companies Inc. to track any further significant changes in their position, which could signal a stronger bullish or bearish outlook.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- COOPER COMPANIES, INC. (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the date the SC 13G/A was filed
- Amendment No: 14 (number) — the specific amendment number of the filing
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 stated in the 'FORM TYPE: SC 13G/A' and 'Amendment No: 14' sections.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company of this filing?
The subject company is COOPER COMPANIES, INC., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COOPER COMPANIES, INC.' and 'Name of Issuer) COOPER COMPANIES INC'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Cooper Companies Inc. is 216648402, as listed under '(CUSIP Number) 216648402'.
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 under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding COOPER COMPANIES, INC. (COO).