BlackRock Amends Prestige Consumer Healthcare Stake (13th Update)
Ticker: PBH · Form: SC 13G/A · Filed: Jan 19, 2024 · CIK: 1295947
| Field | Detail |
|---|---|
| Company | Prestige Consumer Healthcare Inc. (PBH) |
| Form Type | SC 13G/A |
| Filed Date | Jan 19, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its passive stake in Prestige Consumer Healthcare.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 19, 2024, indicating a change in its ownership stake in Prestige Consumer Healthcare Inc. as of December 31, 2023. This amendment, the 13th for BlackRock, shows their continued significant, though passive, investment in the pharmaceutical preparations company. For investors, this matters because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in confidence or portfolio strategy, even if their overall stake remains below the 5% threshold that would trigger more active reporting.
Why It Matters
This filing shows BlackRock's updated, passive ownership in Prestige Consumer Healthcare, providing transparency on a major institutional investor's position.
Risk Assessment
Risk Level: low — This is a routine amendment from a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued passive interest in Prestige Consumer Healthcare Inc. but recognize this filing alone doesn't signal a major shift in the company's prospects.
Key Numbers
- 13 — Amendment Number (This is the 13th amendment to BlackRock's Schedule 13G filing for Prestige Consumer Healthcare Inc.)
Key Players & Entities
- BlackRock Inc. (company) — the entity filing the SC 13G/A
- Prestige Consumer Healthcare Inc. (company) — the subject company in which BlackRock holds shares
- December 31, 2023 (date) — the date of the event requiring the filing
- January 19, 2024 (date) — the filing date of the SC 13G/A
- Rule 13d-1(b) (other) — the rule under which the Schedule 13G is filed, indicating passive ownership
Forward-Looking Statements
- BlackRock will continue to hold a significant, passive stake in Prestige Consumer Healthcare Inc. (BlackRock Inc.) — high confidence, target: Next 12 months
FAQ
Who filed this SC 13G/A amendment?
BlackRock Inc. filed this SC 13G/A amendment, as indicated by the 'FILED BY' section of the filing.
What is the subject company of this filing?
The subject company is Prestige Consumer Healthcare Inc., as stated under 'SUBJECT COMPANY' and 'Name of Issuer' in the filing.
What type of securities are covered by this filing?
The filing covers 'Common Stock' of Prestige Consumer Healthcare Inc., as specified under 'Title of Class of Securities'.
What was the date of the event that triggered this filing?
The date of the event which required this filing was December 31, 2023, as stated in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), which is marked with an 'X' in the filing, indicating passive institutional ownership.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 19, 2024 regarding Prestige Consumer Healthcare Inc. (PBH).