BlackRock Amends Calavo Growers Stake, Maintains Significant Holding
Ticker: CVGW · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 1133470
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a big chunk of Calavo Growers, signaling institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating its ownership of Calavo Growers Inc. common stock as of December 31, 2023. This amendment (Amendment No. 2) updates their previous filing, showing BlackRock continues to be a significant institutional holder in the agriculture services company. This matters to investors because large institutional ownership by firms like BlackRock can signal confidence in the stock, potentially influencing its stability and liquidity.
Why It Matters
This filing confirms BlackRock's continued substantial investment in Calavo Growers, which can be a positive signal for current and prospective shareholders, indicating institutional confidence.
Risk Assessment
Risk Level: low — This is a routine update from a major institutional investor, not indicating any immediate negative or highly volatile event.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder, which may contribute to market stability for Calavo Growers Inc. However, this filing alone doesn't suggest a new buying or selling opportunity, but rather a confirmation of existing institutional interest.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Calavo Growers 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 amendment
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 2)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as indicated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company whose securities are being reported?
The subject company is CALAVO GROWERS INC, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CALAVO GROWERS INC' and 'CALAVO GROWERS INC (Name of Issuer)'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Calavo Growers Inc. is 128246105, as listed under 'CUSIP No. 128246105'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified under 'December 31, 2023 (Date of Event Which Requires Filing of this Statement)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding CALAVO GROWERS INC (CVGW).