BlackRock Amends Passive Stake in Alexander & Baldwin
Ticker: ALEX · Form: SC 13G/A · Filed: Jan 19, 2024 · CIK: 1545654
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, real-estate
TL;DR
**BlackRock still owns A&B stock, but the filing doesn't say how much.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 19, 2024, indicating its ownership of Alexander & Baldwin, Inc. common stock as of December 31, 2023. This filing, an amendment number 2, shows BlackRock's passive investment in the real estate investment trust (REIT). For investors, this means a major institutional investor continues to hold a position, which can signal confidence, but the specific percentage of ownership is not detailed in this excerpt, making it difficult to assess the exact impact on stock liquidity or potential influence.
Why It Matters
This filing confirms BlackRock's continued passive investment in Alexander & Baldwin, Inc., signaling ongoing institutional interest in the company's common stock.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor and does not indicate any immediate risk or significant change in company control.
Analyst Insight
Investors should note that BlackRock maintains a passive stake, suggesting no immediate activist intentions. Further research into the specific percentage of ownership (not provided in this excerpt) would be necessary to gauge the full extent of their influence.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Alexander & Baldwin, Inc. (company) — the subject company whose common 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
- 0001545654 (number) — Central Index Key (CIK) for Alexander & Baldwin, Inc.
- 0001364742 (number) — Central Index Key (CIK) for BlackRock Inc.
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 'Amendment No: 2'.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as stated under the 'FILED BY: COMPANY DATA' section.
What company's securities are the subject of this filing?
The subject company is Alexander & Baldwin, Inc., identified under 'SUBJECT COMPANY: COMPANY DATA' and 'Name of Issuer'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Alexander & Baldwin, Inc. is 014491104, as listed under 'CUSIP Number'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 19, 2024 regarding Alexander & Baldwin, Inc. (ALEX).