BlackRock Amends OraSure Stake to 15.9% as of Dec 31, 2023
Ticker: OSUR · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 1116463
| Field | Detail |
|---|---|
| Company | Orasure Technologies Inc (OSUR) |
| 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
TL;DR
**BlackRock still a major holder of OraSure, owning 15.9% as of year-end!**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, disclosing its ownership in OraSure Technologies Inc. As of December 31, 2023, BlackRock holds 10,795,082 shares of OraSure's Common Stock, representing 15.9% of the company. This is an amendment (Amendment No. 3), indicating a change in their previous holdings. This matters to investors because BlackRock is a major institutional investor, and their significant stake and any changes in it can signal their confidence (or lack thereof) in OraSure's future performance.
Why It Matters
BlackRock's substantial 15.9% ownership in OraSure Technologies Inc. signals strong institutional confidence, which can influence other investors and potentially stabilize the stock price.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of confidence.
Analyst Insight
Investors should note BlackRock's continued significant stake, which suggests long-term institutional confidence in OraSure Technologies Inc., but should also monitor future filings for any substantial changes in ownership.
Key Numbers
- 10,795,082 — Shares Owned (BlackRock's total beneficial ownership in OraSure Technologies Inc.)
- 15.9% — Ownership Percentage (BlackRock's significant stake in OraSure Technologies Inc. as of December 31, 2023)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- OraSure Technologies Inc. (company) — the subject company in which BlackRock holds shares
- 10,795,082 (dollar_amount) — number of shares of Common Stock beneficially owned by BlackRock
- 15.9% (dollar_amount) — percentage of OraSure Technologies Inc. Common Stock owned by BlackRock
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will likely maintain a significant stake in OraSure Technologies Inc. in the near term. (BlackRock Inc.) — high confidence, target: Q2 2024
- OraSure Technologies Inc. stock may experience increased stability due to continued institutional backing. (OraSure Technologies Inc.) — medium confidence, target: Q3 2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No. 3) by BlackRock Inc. to report its beneficial ownership of Common Stock in OraSure Technologies Inc. as of December 31, 2023, as required by Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., a major institutional investment manager based at 50 Hudson Yards, New York, NY.
What percentage of OraSure Technologies Inc. does BlackRock Inc. beneficially own?
As of December 31, 2023, BlackRock Inc. beneficially owns 15.9% of the Common Stock of OraSure Technologies Inc.
How many shares of OraSure Technologies Inc. Common Stock does BlackRock Inc. own?
BlackRock Inc. beneficially owns 10,795,082 shares of OraSure Technologies Inc. Common Stock.
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, indicating the snapshot date for the reported ownership.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding ORASURE TECHNOLOGIES INC (OSUR).