BlackRock Amends Spirit Airlines Stake to 6.4% as of Dec 31, 2023
Ticker: FLYYQ · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1498710
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
Related Tickers: SAVE
TL;DR
**BlackRock still owns 6.4% of Spirit Airlines, signaling continued institutional interest.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, disclosing its ownership in Spirit Airlines, Inc. as of December 31, 2023. This amendment, number 5, indicates that BlackRock holds 7,046,758 shares of Spirit Airlines' Common Stock, representing 6.4% of the company. This matters to investors because BlackRock, a major institutional investor, maintains a significant stake, signaling continued confidence in Spirit Airlines despite market fluctuations.
Why It Matters
This filing shows that a major institutional investor, BlackRock, still holds a substantial position in Spirit Airlines, which can influence investor sentiment and stock stability.
Risk Assessment
Risk Level: low — The filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of confidence.
Analyst Insight
Investors should note that a major institutional holder like BlackRock maintains a significant position, which could be a sign of long-term confidence or simply a passive index-tracking holding. Further research into BlackRock's investment strategy and Spirit Airlines' fundamentals is warranted.
Key Numbers
- 7,046,758 — Shares Beneficially Owned (This is the total number of Spirit Airlines shares BlackRock holds.)
- 6.4% — Percentage of Class (This represents BlackRock's significant ownership stake in Spirit Airlines.)
- December 31, 2023 — Reporting Date (This is the snapshot date for the ownership data reported in the filing.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Spirit Airlines, Inc. (company) — the subject company whose securities are being reported
- 7,046,758 shares (dollar_amount) — the total number of shares beneficially owned by BlackRock
- 6.4% (dollar_amount) — the percentage of Spirit Airlines' common stock owned by BlackRock
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A amendment
Forward-Looking Statements
- BlackRock will maintain a significant stake in Spirit Airlines for the foreseeable future. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No: 5) by BlackRock Inc. to report its beneficial ownership of Spirit Airlines, Inc. common stock as of December 31, 2023, under Rule 13d-1(b) of the Securities Exchange Act of 1934.
How many shares of Spirit Airlines does BlackRock Inc. beneficially own according to this filing?
BlackRock Inc. beneficially owns 7,046,758 shares of Spirit Airlines Inc. Common Stock, as stated on the cover page of the filing.
What percentage of Spirit Airlines' common stock does BlackRock Inc. own?
BlackRock Inc. owns 6.4% of Spirit Airlines Inc.'s Common Stock, as indicated on the cover page of the SC 13G/A filing.
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 in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as designated by the 'X' in the appropriate box on the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding Spirit Airlines, Inc. (FLYYQ).