BlackRock Amends ATI INC Stake, Maintains Significant Holding
Ticker: ATI · Form: SC 13G/A · Filed: 2024-01-22T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a big chunk of ATI INC, signaling institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, disclosing its ownership of ATI INC's Common Stock as of December 31, 2023. This filing, Amendment No. 2, indicates that BlackRock continues to be a significant institutional investor in ATI INC. This matters to investors because large institutional holdings like BlackRock's can signal confidence in the company's long-term prospects and provide a degree of stability to the stock price.
Why It Matters
This filing confirms BlackRock's continued substantial investment in ATI INC, which can influence investor sentiment and the stock's perceived stability.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate negative risks for ATI INC.
Analyst Insight
A smart investor would note BlackRock's continued presence as a major shareholder, which suggests institutional confidence, but would also look for specific changes in their reported ownership percentage (which is not detailed in this excerpt) to gauge any shift in their conviction.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- ATI INC (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
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 stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 2)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company of this filing?
The subject company is ATI INC, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ATI INC' and 'ATI INC (Name of Issuer)'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of ATI INC is 01741R102, as listed under '(CUSIP Number)'.
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.
From the Filing
EDGAR Filing Documents for 0001086364-24-001147 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-001147 Filing Date 2024-01-22 Accepted 2024-01-22 15:52:15 Documents 1 Document Format Files Seq Description Document Type Size 1 us01741r1023_012224.txt SC 13G/A 11642 Complete submission text file 0001086364-24-001147.txt 13597 Mailing Address 2021 MCKINNEY AVENUE DALLAS TX 75201 Business Address 2021 MCKINNEY AVENUE DALLAS TX 75201 4123942800 ATI INC (Subject) CIK : 0001018963 (see all company filings) EIN. : 251792394 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-46715 | Film No.: 24548783 SIC : 3317 Steel Pipe & Tubes (CF Office: 04 Manufacturing) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)