BlackRock Amends Huntsman Corp. Stake, Passive Investment Maintained
Ticker: HUN · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1307954
| Field | Detail |
|---|---|
| Company | Huntsman Corp (HUN) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, chemicals
TL;DR
**BlackRock updated its Huntsman stake, still a major passive holder.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, indicating its ownership of Huntsman CORP common stock as of December 31, 2023. This filing, Amendment No. 5, updates BlackRock's passive investment position in Huntsman CORP. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in confidence or investment strategy for Huntsman CORP, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated, significant, but passive, ownership in Huntsman CORP, which can influence market perception and investor confidence in the company.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor, indicating a passive stake, which typically carries low risk for the average investor.
Analyst Insight
Investors should note BlackRock's continued passive interest in Huntsman CORP, but this filing alone doesn't suggest an immediate buy or sell action, as it's a routine update of a passive stake.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Huntsman CORP (company) — the subject company whose securities are being reported
- 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 No: 5 (number) — the specific amendment number for this filing
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Huntsman CORP throughout 2024. (BlackRock Inc.) — high confidence, target: December 31, 2024
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 (Amendment No: 5)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as clearly identified under '(1)Names of reporting persons. BlackRock, Inc.' in the filing.
What is the subject company whose securities are being reported?
The subject company is Huntsman CORP, as stated under 'HUNTSMAN CORP (Name of Issuer)' and 'COMPANY CONFORMED NAME: Huntsman CORP'.
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 specified under 'December 31, 2023 (Date of Event Which Requires Filing of this Statement)'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), indicated by the '[X] Rule 13d-1(b)' checkbox selection in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding Huntsman CORP (HUN).