FMR LLC & Abigail Johnson Slash Hamilton Beach Stake to 0.000%

TL;DR

**FMR LLC and Abigail Johnson dumped almost all their Hamilton Beach stock!**

AI Summary

FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have significantly reduced their stake in Hamilton Beach Brands Holding Co. As of February 9, 2024, they now beneficially own only 3 shares of Class A Common Stock, representing a mere 0.000% of the company. This matters to investors because it signals that a large institutional investor has almost entirely exited its position, which could be interpreted as a lack of confidence in the company's future prospects.

Why It Matters

This filing indicates a major institutional investor has virtually eliminated its holdings, which could suggest a bearish outlook on Hamilton Beach Brands Holding Co.'s future performance.

Risk Assessment

Risk Level: medium — The near-complete divestment by a large institutional investor like FMR LLC could signal underlying concerns about the company, posing a risk to current and potential shareholders.

Analyst Insight

A smart investor would investigate the reasons behind FMR LLC's near-complete divestment from Hamilton Beach Brands Holding Co. and consider if this signals a broader negative outlook for the company before making any investment decisions.

Key Numbers

• 3 — Shares Beneficially Owned (The total number of Class A Common Stock shares FMR LLC and Abigail P. Johnson now own in Hamilton Beach Brands Holding Co.)
• 0.000% — Percent of Class (The extremely small percentage of Hamilton Beach Brands Holding Co.'s Class A Common Stock now owned by FMR LLC and Abigail P. Johnson, indicating a near-complete exit.)

Key Players & Entities

• FMR LLC (company) — reporting person and parent holding company
• Abigail P. Johnson (person) — reporting person, likely associated with FMR LLC
• Hamilton Beach Brands Holding Co (company) — the issuer of the securities
• 3 (dollar_amount) — number of shares beneficially owned by FMR LLC and Abigail P. Johnson
• 0.000% (dollar_amount) — percentage of Class A Common Stock owned by FMR LLC and Abigail P. Johnson

Forward-Looking Statements

• Other institutional investors may re-evaluate their positions in Hamilton Beach Brands Holding Co. following FMR LLC's significant reduction. (Hamilton Beach Brands Holding Co.) — medium confidence, target: Next 3-6 months

FAQ

From the Filing

0000315066-24-001118.txt : 20240209 0000315066-24-001118.hdr.sgml : 20240209 20240209090303 ACCESSION NUMBER: 0000315066-24-001118 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Hamilton Beach Brands Holding Co CENTRAL INDEX KEY: 0001709164 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC HOUSEWARES & FANS [3634] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 311236686 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-90132 FILM NUMBER: 24611650 BUSINESS ADDRESS: STREET 1: 4421 WATERFRONT DRIVE CITY: GLEN ALLEN STATE: VA ZIP: 23060 BUSINESS PHONE: 804-273-9777 MAIL ADDRESS: STREET 1: 4421 WATERFRONT DRIVE CITY: GLEN ALLEN STATE: VA ZIP: 23060 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.6 HAMILTON BEACH BRANDS HOLDING CO CLASS A COMMON STOCK Cusip #40701T104 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #40701T104 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 0 Item 6: 0 Item 7: 3 Item 8: 0 Item 9: 3 Item 11: 0.000% Item 12: HC Cusip #40701T104 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 3 Item 8: 0 Item 9: 3 Item 11: 0.000% Item 12: IN Item 1(a). Name of Issuer: HAMILTON BEACH BRANDS HOLDING CO Item 1(b). Address of Issuer's Principal Executive Offices: 4421 WATERFRONT DRIVE GLEN ALLEN, VA 23060 US Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: CLASS A COMMON STOCK Item 2(e). CUSIP Number: 40701T104 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 3 (b) Percent of Class: 0.000% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 3 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof, the reporting person has ceased to be the beneficial owner of any of the class of securities, check the following (X). Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the CLASS A COMMON STOCK of HAMILTON BEACH BRANDS HOLDING CO. No one other person's interest in the CLASS A COMMON STOCK of HAMILTON BEACH BRANDS HOLDING CO is more than five percent of the total outstanding CLASS A COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Cl