BlackRock Trims Village Super Market Stake to 5.1%
Ticker: VLGEA · Form: SC 13G/A · Filed: Jan 31, 2024 · CIK: 103595
| Field | Detail |
|---|---|
| Company | Village Super Market Inc (VLGEA) |
| Form Type | SC 13G/A |
| Filed Date | Jan 31, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, stake-change
TL;DR
**BlackRock cut its stake in Village Super Market to 5.1%, watch for potential market reaction.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 31, 2024, indicating its ownership of Class A Common Stock in VILLAGE SUPER MARKET INC. As of December 31, 2023, BlackRock reported beneficial ownership of 399,886 shares, representing 5.1% of the company's Class A Common Stock. This filing shows a slight decrease in BlackRock's stake from its previous filing, which could signal a minor shift in institutional confidence or portfolio rebalancing, potentially affecting investor sentiment for VILLAGE SUPER MARKET INC.
Why It Matters
When a major institutional investor like BlackRock adjusts its holdings, it can influence how other investors perceive the stock, potentially impacting its price due to shifts in supply and demand.
Risk Assessment
Risk Level: low — The change in ownership is minor and from an institutional investor, which typically doesn't signal immediate, drastic risks for the company.
Analyst Insight
Investors should monitor future filings from BlackRock and other major institutions to gauge ongoing sentiment towards VILLAGE SUPER MARKET INC, but this specific filing indicates only a minor adjustment, not a significant shift.
Key Numbers
- 399,886 — Shares Owned (Represents the total number of Class A Common Stock shares BlackRock Inc. beneficially owns in VILLAGE SUPER MARKET INC as of December 31, 2023.)
- 5.1% — Ownership Percentage (Indicates BlackRock Inc.'s percentage of beneficial ownership of VILLAGE SUPER MARKET INC's Class A Common Stock as of December 31, 2023.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- VILLAGE SUPER MARKET INC (company) — the subject company whose stock is being reported
- 399,886 (dollar_amount) — number of Class A Common Stock shares beneficially owned by BlackRock Inc.
- 5.1% (dollar_amount) — percentage of Class A Common Stock owned by BlackRock Inc.
- December 31, 2023 (date) — date of the event requiring the filing
- January 31, 2024 (date) — date the SC 13G/A amendment was filed
Forward-Looking Statements
- VILLAGE SUPER MARKET INC's stock price may experience minor volatility due to the reported change in institutional ownership. (VILLAGE SUPER MARKET INC) — medium confidence, target: Within the next 1-2 weeks
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No: 5) to a Schedule 13G, filed by BlackRock Inc. to report its beneficial ownership of Class A Common Stock in VILLAGE SUPER MARKET INC, 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, as identified in item (1) of the cover page and the 'FILED BY' section of the filing.
What is the subject company and the class of securities involved?
The subject company is VILLAGE SUPER MARKET INC, and the class of securities is Class A Common Stock, as stated in the 'Name of Issuer' and 'Title of Class of Securities' sections of the filing.
As of what date did the event requiring this filing occur?
The event which requires the filing of this statement occurred on December 31, 2023, as specified in the 'Date of Event Which Requires Filing of this Statement' section.
What is BlackRock Inc.'s beneficial ownership percentage of VILLAGE SUPER MARKET INC's Class A Common Stock according to this filing?
BlackRock Inc. beneficially owns 399,886 shares of Class A Common Stock, which represents 5.1% of the class, as detailed in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 31, 2024 regarding VILLAGE SUPER MARKET INC (VLGEA).