BlackRock Updates Passive Stake in Bristow Group (SC 13G/A)
Ticker: VTOL · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1525221
| Field | Detail |
|---|---|
| Company | Bristow Group Inc. (VTOL) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, equity-holding
TL;DR
**BlackRock just updated its passive stake in Bristow Group, signaling continued institutional interest.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, indicating its ownership of Bristow Group Inc. Common Stock as of December 31, 2023. This filing, an amendment number 2, updates their previous disclosure regarding their passive investment in Bristow Group, an air transportation company. This matters to investors because BlackRock is a major institutional investor, and changes in their reported holdings can signal their long-term confidence (or lack thereof) in the company's prospects.
Why It Matters
This filing shows BlackRock's continued, albeit passive, investment in Bristow Group, which can influence investor sentiment and potentially the stock's stability due to a large institutional holder.
Risk Assessment
Risk Level: low — This is a routine update from a passive investor and does not indicate any immediate risk or significant change in company control.
Analyst Insight
Investors should note BlackRock's continued passive stake in Bristow Group, but this filing alone doesn't suggest a need for immediate action. It's a routine update confirming an institutional holder's position.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Bristow Group Inc. (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the date the SC 13G/A was filed
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 indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 2)'.
Who is the 'subject company' in this filing?
The subject company is Bristow Group Inc., identified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Bristow Group Inc.'.
Who is the 'filed by' entity in this document?
The entity that filed this document is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What is the CUSIP number for the securities mentioned?
The CUSIP number for the Common Stock of Bristow Group Inc. is 11040G103, as listed under '(CUSIP Number)'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which required this filing was December 31, 2023, as specified in the document.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding Bristow Group Inc. (VTOL).