Morgan Stanley Amends Kirby Corp (KEX) Stake, 15th Update
Ticker: KEX · Form: SC 13G/A · Filed: Feb 8, 2024 · CIK: 56047
| Field | Detail |
|---|---|
| Company | Kirby CORP (KEX) |
| Form Type | SC 13G/A |
| Filed Date | Feb 8, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, form-13g, investment-firm
TL;DR
**Morgan Stanley updated its Kirby Corp (KEX) stake, showing continued institutional interest.**
AI Summary
Morgan Stanley, a major financial institution, filed an amended Schedule 13G/A on February 8, 2024, indicating a change in its beneficial ownership of Kirby Corp (KEX) common stock as of December 31, 2023. This is the 15th amendment to their filing, showing their ongoing investment and adjustments in the water transportation company. This matters to investors because large institutional holdings can influence stock stability and signal confidence (or lack thereof) in the company's future prospects.
Why It Matters
Changes in institutional ownership, especially from a firm like Morgan Stanley, can signal shifts in market sentiment or investment strategy towards Kirby Corp, potentially impacting its stock price.
Risk Assessment
Risk Level: low — This filing is a routine update on institutional ownership and does not indicate any immediate or significant risk to the company or its investors.
Analyst Insight
Investors should monitor subsequent 13G/A filings from Morgan Stanley and other major institutions to track changes in their ownership percentages, as these can sometimes precede significant stock movements for Kirby Corp.
Key Numbers
- 15 — Amendment Number (Indicates this is the fifteenth update to Morgan Stanley's Schedule 13G filing for Kirby Corp.)
- 497266106 — CUSIP Number (Unique identifier for Kirby Corp's Common Stock, confirming the security in question.)
Key Players & Entities
- Morgan Stanley (company) — the entity filing the SC 13G/A, reporting beneficial ownership
- Kirby Corp (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- February 8, 2024 (date) — the date the SC 13G/A amendment was filed
- Amendment No. 15 (number) — the specific amendment number for this filing
Forward-Looking Statements
- Morgan Stanley will continue to hold a significant, though potentially fluctuating, stake in Kirby Corp. (Morgan Stanley) — high confidence, target: Q4 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 under the Securities Exchange Act of 1934, specifically Amendment No. 15 for Kirby Corp.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is Morgan Stanley, a security broker, dealer, and flotation company based in New York, NY.
What company is the subject of this filing?
The subject company of this filing is Kirby Corp, a water transportation company with its business address in Houston, TX.
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.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed pursuant to Rule 13d-1(b), as indicated by the 'x' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 8, 2024 regarding KIRBY CORP (KEX).