BlackRock Amends FOXF Stake to 10.4% as of Dec 31, 2023
Ticker: FOXF · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1424929
| Field | Detail |
|---|---|
| Company | Fox Factory Holding CORP (FOXF) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns 10.4% of FOXF, showing continued institutional interest.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, indicating a change in its ownership stake in FOX FACTORY HOLDING CORP. As of December 31, 2023, BlackRock Inc. reported beneficial ownership of 4,374,010 shares of FOX FACTORY HOLDING CORP. Common Stock, representing 10.4% of the company's outstanding shares. This filing is important for investors as it shows a major institutional investor's continued significant, though slightly reduced, confidence in the company, which can influence market perception and stock price.
Why It Matters
This filing reveals BlackRock's updated ownership in FOXF, signaling their current conviction in the company's future performance and potentially influencing other institutional and retail investors.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate significant risk to the company or its stock.
Analyst Insight
Investors should note BlackRock's continued significant stake in FOXF, but recognize this is a routine update from a passive investor, not necessarily a signal for immediate action. It confirms institutional interest, which can be a positive long-term indicator.
Key Numbers
- 4,374,010 — Shares Beneficially Owned (This is the total number of FOXF shares BlackRock Inc. reported owning as of December 31, 2023.)
- 10.4% — Percentage of Class (This represents BlackRock Inc.'s significant ownership stake in FOX FACTORY HOLDING CORP.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- FOX FACTORY HOLDING CORP (company) — the subject company whose shares are being reported
- 4,374,010 (dollar_amount) — number of shares beneficially owned by BlackRock Inc.
- 10.4% (dollar_amount) — percentage of class beneficially owned by BlackRock Inc.
- December 31, 2023 (person) — the date of the event which required the filing
Forward-Looking Statements
- BlackRock Inc. will maintain a significant, but potentially fluctuating, ownership stake in FOX FACTORY HOLDING CORP throughout 2024. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What is the purpose of an SC 13G/A filing?
An SC 13G/A filing is an amendment to a Schedule 13G, which is used by passive institutional investors (owning 5% or more of a company's stock) to report their beneficial ownership. The '/A' indicates it's an amendment to a previously filed statement, updating the ownership information, as seen with BlackRock Inc.'s filing on January 23, 2024, for FOX FACTORY HOLDING CORP.
Who is the reporting person in this SC 13G/A filing?
The reporting person in this SC 13G/A filing is BlackRock Inc., a major institutional investment manager, as stated in the 'Names of reporting persons' section of the filing.
What company's stock is the subject of this filing?
The subject company for this filing is FOX FACTORY HOLDING CORP, as clearly indicated in the 'Name of Issuer' section of the Schedule 13G.
As of what date is the ownership information in this filing accurate?
The ownership information in this filing is accurate as of December 31, 2023, which is specified as the 'Date of Event Which Requires Filing of this Statement'.
How many shares of FOX FACTORY HOLDING CORP does BlackRock Inc. beneficially own according to this filing?
According to this filing, BlackRock Inc. beneficially owns 4,374,010 shares of FOX FACTORY HOLDING CORP. Common Stock, representing 10.4% of the class, as detailed in the cover page and subsequent sections.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 by December 31, 2023 regarding FOX FACTORY HOLDING CORP (FOXF).