BlackRock Amends El Pollo Loco Holdings Stake (SC 13G/A)
Ticker: LOCO · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1606366
| Field | Detail |
|---|---|
| Company | El Pollo Loco Holdings, Inc. (LOCO) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
Related Tickers: LOCO
TL;DR
**BlackRock still holds LOCO, showing institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, indicating its ownership of El Pollo Loco Holdings, Inc. common stock as of December 31, 2023. This filing, Amendment No. 8, shows BlackRock continues to be a significant institutional holder, which can provide a sense of stability for current and potential investors in El Pollo Loco Holdings, Inc. (LOCO).
Why It Matters
This filing confirms BlackRock's continued substantial investment in El Pollo Loco, signaling institutional confidence that can influence other investors and potentially stabilize the stock price.
Risk Assessment
Risk Level: low — This filing is routine and indicates a major institutional investor's continued stake, which generally reduces perceived risk for the stock.
Analyst Insight
An investor should note BlackRock's continued presence as a significant shareholder, which suggests a baseline level of institutional confidence in El Pollo Loco Holdings, Inc. (LOCO). This information alone doesn't warrant immediate action but provides context for evaluating the stock's stability.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- El Pollo Loco Holdings, Inc. (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
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 indicated by 'FORM TYPE: SC 13G/A' and '(Amendment No: 8)' in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY' section of the filing.
Which company's securities are being reported on?
The securities of El Pollo Loco Holdings, Inc. are being reported on, as indicated by 'SUBJECT COMPANY: COMPANY CONFORMED NAME: El Pollo Loco Holdings, Inc.' and '(Name of Issuer) EL POLLO LOCO HOLDINGS INC'.
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 '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the checked box '[X] Rule 13d-1(b)' in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding El Pollo Loco Holdings, Inc. (LOCO).