BlackRock Amends Haverty Furniture Stake as of Dec 31, 2023
Ticker: HVT-A · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 216085
| Field | Detail |
|---|---|
| Company | Haverty Furniture Companies Inc (HVT-A) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in Haverty Furniture, signaling a portfolio adjustment.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, disclosing its ownership of Haverty Furniture Companies Inc. common stock as of December 31, 2023. This amendment (Amendment No. 2) indicates a change in BlackRock's passive investment stake in the furniture retailer. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in its confidence or strategy regarding Haverty Furniture, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated passive investment in Haverty Furniture, which can influence market perception and investor sentiment towards the stock.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued, albeit adjusted, passive stake in Haverty Furniture, but this filing alone doesn't warrant immediate action without further details on the magnitude of the change.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- HAVERTY FURNITURE COMPANIES INC (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A amendment
FAQ
What type of filing is this and what does it signify?
This is an SC 13G/A filing, specifically Amendment No. 2. It signifies an amendment to a Schedule 13G, which is used by passive institutional investors to report beneficial ownership of 5% or more of a company's stock, indicating a change in their previously reported holdings.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., a major institutional asset manager based out of 50 Hudson Yards, New York, NY.
What is the subject company whose securities are being reported?
The subject company is HAVERTY FURNITURE COMPANIES INC, a retail furniture store company with its business address at 780 Johnson Ferry Road, Suite 800, Atlanta, GA.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Haverty Furniture Companies Inc. is 419596101.
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, indicating the snapshot date for BlackRock's holdings.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding HAVERTY FURNITURE COMPANIES INC (HVT-A).