BlackRock Amends Materion Stake, Remains Key Institutional Holder
Ticker: MTRN · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 1104657
| Field | Detail |
|---|---|
| Company | Materion Corp (MTRN) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
Related Tickers: MTRN
TL;DR
**BlackRock updated its Materion Corp stake, still a major holder.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating a change in their ownership of Materion Corp (NYSE: MTRN) Common Stock as of December 31, 2023. This filing, Amendment No. 2, shows that BlackRock continues to be a significant institutional investor in Materion. This matters to current and potential Materion shareholders because large institutional holdings like BlackRock's can provide stability and signal confidence in the company's long-term prospects, though changes in their stake can also influence market perception.
Why It Matters
This filing confirms BlackRock's continued significant institutional ownership in Materion, which can influence investor confidence and stock stability.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate significant risk.
Analyst Insight
Investors should note BlackRock's continued presence as a major shareholder, which can be a positive signal, but should also monitor future filings for any significant changes in their stake that could impact market sentiment.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Materion Corp (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 No. 2 (number) — the specific amendment number of the filing
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 Under the Securities Exchange Act of 1934 (Amendment No: 2)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as identified under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section and 'Names of reporting persons. BlackRock,' on the cover page.
What is the subject company whose securities are being reported?
The subject company is MATERION Corp, as indicated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MATERION Corp' and '(Name of Issuer) MATERION CORP'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Materion Corp is 576690101, as listed under '(CUSIP Number) 576690101' on the cover page.
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 stated under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding MATERION Corp (MTRN).