BlackRock Amends Helen of Troy Stake, Filing SC 13G/A
Ticker: HELE · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 916789
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock just updated its stake in Helen of Troy, watch for market reaction.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, indicating a change in its ownership stake in Helen of Troy Ltd. as of December 31, 2023. This filing, Amendment No. 15, updates their previous disclosures regarding their holdings of Helen of Troy's Common Stock. This matters to investors because BlackRock is a major institutional investor, and changes in their position can signal their confidence (or lack thereof) in the company's future prospects, potentially influencing other investors and the stock price.
Why It Matters
This filing shows BlackRock's updated ownership in Helen of Troy, which can influence market perception and potentially the stock's trading activity.
Risk Assessment
Risk Level: low — This is a routine disclosure of institutional ownership, not an event that inherently carries high risk.
Analyst Insight
Investors should monitor subsequent filings or news from BlackRock to understand the specific nature of the change in their stake, as this filing only indicates an update, not the direction or magnitude of the change.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person filing the SC 13G/A
- Helen of Troy Ltd. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this and what does it signify?
This is an SC 13G/A filing, which is an amendment (indicated by the 'A') to a Schedule 13G. It signifies that BlackRock Inc., an institutional investor, is updating its previously reported beneficial ownership of 5% or more of Helen of Troy Ltd.'s Common Stock, as required by the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., a major asset management firm with a Central Index Key (CIK) of 0001364742, located at 50 Hudson Yards, New York, NY.
What is the subject company of this filing?
The subject company is HELEN OF TROY LIMITED, identified by CIK 0000916789, which manufactures electric housewares and fans.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023, meaning the change in BlackRock's ownership stake that triggered this amendment occurred on or before this date.
What is the 'Amendment No.' for this specific filing?
This specific filing is Amendment No. 15, indicating that BlackRock Inc. has previously filed 14 amendments to its initial Schedule 13G regarding Helen of Troy Ltd.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding HELEN OF TROY LTD (HELE).