BlackRock Amends Koppers Holdings Stake, Passive Investment
Ticker: KOP · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 1315257
| Field | Detail |
|---|---|
| Company | Koppers Holdings INC. (KOP) |
| 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
Related Tickers: KOP
TL;DR
**BlackRock updated its Koppers Holdings Inc. ownership, signaling a continued passive stake.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating its ownership of Koppers Holdings Inc. common stock as of December 31, 2023. This filing, an amendment number 2, updates BlackRock's passive investment stake in Koppers Holdings Inc. (NYSE: KOP). This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in confidence or strategy regarding Koppers, a company in the lumber and wood products industry.
Why It Matters
Large institutional ownership by firms like BlackRock can provide stability and liquidity to a stock, but significant changes in their holdings can also influence market perception and price.
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 passive stake in Koppers Holdings Inc. as a sign of ongoing institutional interest, but this filing alone doesn't suggest a need for immediate action. It's a routine disclosure.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Koppers Holdings 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
- 50060P106 (other) — the CUSIP number for Koppers Holdings Inc. Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, indicating a change in previously reported beneficial ownership of securities by a passive investor.
Who is the 'reporting person' in this filing?
The reporting person in this filing is BlackRock Inc., a major institutional investment manager.
What is the 'subject company' whose shares are being reported?
The subject company is Koppers Holdings Inc., which operates in the lumber and wood products industry.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires filing of this statement was December 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), which typically applies to institutional investors who acquire beneficial ownership of more than 5% of a class of a company's equity securities in the ordinary course of business and without the purpose or effect of changing or influencing control of the issuer.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding Koppers Holdings Inc. (KOP).