BlackRock Updates Passive Stake in Grocery Outlet Holding Corp.
Ticker: GO · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1771515
| Field | Detail |
|---|---|
| Company | Grocery Outlet Holding Corp. (GO) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, SC-13G
Related Tickers: GO
TL;DR
**BlackRock just updated its passive stake in Grocery Outlet, signaling its current investment level.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, disclosing its ownership in Grocery Outlet Holding Corp. as of December 31, 2023. This filing indicates BlackRock's updated passive stake in the discount grocery chain. For investors, this matters because BlackRock is a major institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in the company's future performance, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's current level of investment in Grocery Outlet, providing transparency into a significant institutional holder's position. It can influence market perception and investor sentiment towards Grocery Outlet stock.
Risk Assessment
Risk Level: low — This is a routine disclosure of a passive investment by a large institutional investor, not indicating any immediate high-risk event.
Analyst Insight
Investors should note BlackRock's continued passive stake in Grocery Outlet Holding Corp. and monitor future filings for any significant changes in their ownership percentage, which could signal a shift in their investment thesis.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Grocery Outlet Holding Corp. (company) — the subject company in which BlackRock holds shares
- December 31, 2023 (date) — the date of the event requiring this filing
- January 25, 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 stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 3)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as identified under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company of this filing?
The subject company is Grocery Outlet Holding Corp., as indicated by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Grocery Outlet Holding Corp.' and 'GROCERY OUTLET HOLDING CORP (Name of Issuer)'.
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 under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the checked box '[X] Rule 13d-1(b)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding Grocery Outlet Holding Corp. (GO).