BlackRock Amends Titan International Stake (16th Amendment)
Ticker: TWI · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 899751
| Field | Detail |
|---|---|
| Company | Titan International Inc (TWI) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in Titan International.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 23, 2024, indicating a change in its ownership stake in Titan International Inc. as of December 31, 2023. This filing, Amendment No. 16, updates BlackRock's passive investment position in the common stock of Titan International Inc. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in its confidence or strategy regarding the stock, potentially influencing other investors.
Why It Matters
Changes in major institutional ownership, like BlackRock's, can influence market sentiment and stock price, as large funds often conduct extensive due diligence.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued passive interest in Titan International Inc. and monitor subsequent filings for any significant changes in ownership percentage or investment intent, which could signal a shift from passive to active investment.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Titan International Inc. (company) — the subject company whose shares are being reported
- December 31, 2023 (date) — the date of the event requiring this filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 16 (number) — the specific amendment number of 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, specifically Amendment No. 16, filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the reporting entity in this filing?
The reporting entity is BlackRock Inc., a security broker, dealer, and flotation company based in New York, NY.
Which company's shares are being reported on in this filing?
The shares being reported on belong to Titan International Inc., a company in the steel works, blast furnaces, and rolling mills industry, based in Quincy, IL.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Titan International Inc. is 88830M102.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding TITAN INTERNATIONAL INC (TWI).