BlackRock Amends SAIA Inc. Stake as of Dec 31, 2023
Ticker: SAIA · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1177702
| Field | Detail |
|---|---|
| Company | Saia Inc (SAIA) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, SAIA, BlackRock
TL;DR
**BlackRock updated its SAIA stake, watch for ownership percentage changes!**
AI Summary
BlackRock Inc. has filed an amendment (SC 13G/A) on January 24, 2024, updating its ownership in SAIA INC (trucking company) as of December 31, 2023. This filing, Amendment No. 15, indicates a change in their beneficial ownership of SAIA's Common Stock. While the exact percentage isn't detailed on the cover page, this update signals BlackRock's continued significant, but potentially adjusted, stake in SAIA, which is important for investors as large institutional holdings can influence stock stability and market perception.
Why It Matters
This filing shows that BlackRock, a major institutional investor, has updated its position in SAIA INC, which can signal their ongoing confidence or a shift in strategy regarding the company.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a large institutional investor, not indicating any immediate high-risk event for the company.
Analyst Insight
Investors should look for the full details within the SC 13G/A to determine BlackRock's updated percentage of ownership in SAIA INC and compare it to previous filings to understand if their stake has increased, decreased, or remained stable, which could influence market sentiment.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A amendment
- SAIA INC (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing of this statement
- January 24, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 15 (number) — the specific amendment number for this 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: 15)' sections.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What company's securities are the subject of this filing?
The securities of SAIA INC are the subject of this filing, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SAIA INC'.
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, as specified on the cover page.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of SAIA INC is 78709Y105, as listed on the cover page of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding SAIA INC (SAIA).