BlackRock Updates O-I Glass Stake in SC 13G/A Filing
Ticker: OI · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 812074
| Field | Detail |
|---|---|
| Company | O-I Glass, Inc. /De/ (OI) |
| 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 just updated its O-I Glass stake, confirming its passive investment.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 22, 2024, indicating its ownership of O-I Glass, Inc. /DE/ common stock as of December 31, 2023. This filing, Amendment No. 6, updates previous disclosures under Rule 13d-1(b) of the Securities Exchange Act of 1934. Investors should note this as it reflects BlackRock's current passive investment stake in O-I Glass, providing insight into institutional confidence and potential liquidity for the stock.
Why It Matters
This filing shows BlackRock's continued, albeit passive, investment in O-I Glass, which can influence investor sentiment and the stock's perceived stability. It's a routine update but confirms a major institutional holder's position.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a large institutional investor, indicating a passive stake, which generally poses low risk.
Analyst Insight
A smart investor would view this as a routine update confirming BlackRock's passive, long-term interest in O-I Glass, but it doesn't signal any immediate catalysts or changes in company operations. It's a data point for understanding institutional ownership.
Key Players & Entities
- BlackRock Inc. (company) — the entity filing the SC 13G/A
- O-I Glass, Inc. /DE/ (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. 6 (number) — the specific amendment number of the filing
Forward-Looking Statements
- BlackRock will continue to hold a significant, passive stake in O-I Glass, Inc. through 2024. (BlackRock Inc.) — high confidence, target: December 31, 2024
- O-I Glass, Inc. will likely see continued institutional interest due to BlackRock's ongoing position. (O-I Glass, Inc. /DE/) — medium confidence, target: June 30, 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.
Who is the subject company of this filing?
The subject company is O-I Glass, Inc. /DE/, with a Central Index Key (CIK) of 0000812074.
Who is the entity making this filing?
The entity making this filing is BlackRock Inc., with a Central Index Key (CIK) of 0001364742.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Under which rule was this Schedule 13G/A filed?
This Schedule 13G/A was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, 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 January 22, 2024 regarding O-I Glass, Inc. /DE/ (OI).