Private Management Group Amends Park-Ohio Holdings Stake
Ticker: PKOH · Form: SC 13G/A · Filed: Feb 2, 2024 · CIK: 76282
| Field | Detail |
|---|---|
| Company | Park Ohio Holdings Corp (PKOH) |
| Form Type | SC 13G/A |
| Filed Date | Feb 2, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, form-13g, ownership-update
Related Tickers: PKOH
TL;DR
**Private Management Group updated their Park-Ohio Holdings stake as of year-end 2023.**
AI Summary
Private Management Group, Inc. filed an amended Schedule 13G/A on February 2, 2024, indicating their ownership of Park-Ohio Holdings Corp. common stock as of December 31, 2023. This filing, Amendment No. 7, updates their previous disclosures regarding their stake in the company. This matters to investors because it provides transparency into significant institutional ownership, which can influence stock stability and investor confidence.
Why It Matters
This filing updates the public record on a significant institutional investor's position in Park-Ohio Holdings Corp., offering insight into their continued interest or changes in their investment strategy.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, not indicating any immediate significant risk or opportunity.
Analyst Insight
An investor should note this filing as a routine update on institutional ownership. While not immediately actionable, it's a data point for tracking long-term institutional interest in Park-Ohio Holdings Corp. and could prompt a deeper dive into Private Management Group's investment thesis if their stake significantly changes in future filings.
Key Players & Entities
- Private Management Group, Inc. (company) — the reporting person filing the SC 13G/A
- Park-Ohio Holdings Corp. (company) — the issuer of the securities
- December 31, 2023 (date) — the date of the event requiring the filing
- February 2, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 7 (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, filed pursuant to Rule 13d-1(b).
Who is the reporting person in this filing?
The reporting person is Private Management Group, Inc., located at 15635 Alton Parkway, Suite 400, Irvine, CA 92618.
What is the name of the issuer whose securities are being reported?
The issuer is Park-Ohio Holdings Corp., with the business address 6065 Parkland Blvd., Cleveland, OH 44124.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock, $1 Par Value, of Park-Ohio Holdings Corp. is 700666100.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 2, 2024 regarding PARK OHIO HOLDINGS CORP (PKOH).