BlackRock Amends REX AMERICAN RESOURCES Stake (SC 13G/A)
Ticker: REX · Form: SC 13G/A · Filed: Jan 19, 2024 · CIK: 744187
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in REX AMERICAN RESOURCES, signaling a portfolio adjustment.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 19, 2024, indicating a change in their ownership of REX AMERICAN RESOURCES Corp's Common Stock as of December 31, 2023. This filing, Amendment No. 9, updates their previous disclosures regarding their passive investment in the company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their confidence or investment strategy regarding REX AMERICAN RESOURCES Corp.
Why It Matters
This filing shows BlackRock's updated passive ownership in REX AMERICAN RESOURCES Corp, which can influence market perception and potentially the stock's trading volume.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a large institutional investor, indicating a passive stake, which typically carries low risk.
Analyst Insight
An investor should note BlackRock's continued passive interest in REX AMERICAN RESOURCES Corp, but without specific share count changes, this filing primarily confirms ongoing institutional ownership rather than signaling a new investment thesis.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- REX AMERICAN RESOURCES Corp (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 19, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 9 (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, specifically Amendment No. 9, as stated in the filing.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as indicated in the 'FILED BY' section of the document.
What is the subject company of this filing?
The subject company is REX AMERICAN RESOURCES Corp, as identified in the 'SUBJECT COMPANY' section and on the Schedule 13G cover page.
What was the date of the event that triggered this filing?
The date of the event which requires the filing of this statement was December 31, 2023, as specified on the Schedule 13G cover page.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 19, 2024 regarding REX AMERICAN RESOURCES Corp (REX).