BlackRock Updates Passive Stake in Matson Inc. (MATX)
Ticker: MATX · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 3453
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
Related Tickers: MATX
TL;DR
**BlackRock just updated its passive stake in Matson, Inc. as of year-end 2023.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 22, 2024, indicating its ownership of Matson, Inc. common stock as of December 31, 2023. This filing, Amendment No. 5, updates BlackRock's passive investment stake in Matson, Inc., a water transportation company. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in confidence or strategy regarding Matson's stock.
Why It Matters
This filing shows BlackRock's continued, albeit potentially adjusted, passive investment in Matson, Inc., which can influence market perception and investor sentiment for the stock.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a passive institutional investor, indicating no immediate high-risk events.
Analyst Insight
Investors should note BlackRock's continued passive stake in Matson, Inc. and monitor future filings for any significant changes in their ownership percentage, which could signal a shift in their investment thesis.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Matson, Inc. (company) — the subject company whose securities are 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
- 57686G105 (string) — the CUSIP number for Matson, Inc. Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934 (Amendment No: 5).
Who is the 'reporting person' in this filing?
The reporting person is BlackRock, Inc., identified by CIK 0001364742.
What is the 'subject company' or 'issuer' of the securities?
The subject company, or issuer, is Matson, Inc., identified by CIK 0000003453.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires filing of this statement was December 31, 2023.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Matson, Inc. is 57686G105.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding Matson, Inc. (MATX).