Cooper Creek Amends Cerence (CRNC) Stake, Files 17th 13G/A
Ticker: CRNC · Form: SC 13G/A · Filed: 2024-02-12T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**Cooper Creek just updated their Cerence (CRNC) stake, still a passive holder.**
AI Summary
Cooper Creek Partners Management LLC filed an amended SC 13G/A on February 12, 2024, indicating their ownership of Cerence Inc. (CRNC) common stock as of December 31, 2023. This is the 17th amendment to their Schedule 13G, filed under Rule 13d-1(b). This filing updates their previous disclosures regarding their passive investment in Cerence, a company specializing in prepackaged software. For investors, this matters as it provides transparency into significant institutional holdings and any changes in their positions, which can influence market sentiment.
Why It Matters
This filing shows that Cooper Creek Partners Management LLC continues to hold a significant, albeit passive, stake in Cerence Inc., signaling their ongoing interest in the company's performance.
Risk Assessment
Risk Level: low — This is a routine amendment to a passive investment filing, indicating no immediate change in control or strategy that would pose a significant risk.
Analyst Insight
Smart investors should note Cooper Creek's continued passive stake in Cerence Inc. but recognize this routine amendment doesn't signal a new strategic move. It's a data point for understanding institutional ownership, not a catalyst for immediate action.
Key Numbers
- 17 — Amendment Number (This is the 17th amendment to Cooper Creek's Schedule 13G for Cerence Inc., indicating a long-term, actively managed position.)
- 156727109 — CUSIP Number (Unique identifier for Cerence Inc. Common Stock, ensuring accurate identification of the security.)
Key Players & Entities
- Cooper Creek Partners Management LLC (company) — the entity filing the SC 13G/A
- Cerence Inc. (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- February 12, 2024 (date) — the filing date of the SC 13G/A
- Rule 13d-1(b) (other) — the rule under which the Schedule 13G is filed, indicating a passive investor
Forward-Looking Statements
- Cooper Creek Partners Management LLC will likely maintain a passive investment strategy in Cerence Inc. (Cooper Creek Partners Management LLC) — high confidence, target: Next 12 months
- Cerence Inc.'s stock price will not be significantly impacted by this routine filing alone. (Cerence Inc.) — high confidence, target: Next 1 week
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It was filed by Cooper Creek Partners Management LLC regarding their ownership in Cerence Inc.
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, used by passive investors who own more than 5% of a company's stock to update their holdings or other relevant information. This specific filing is the 17th amendment.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023, as stated in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), which typically applies to institutional investors who acquire more than 5% of a company's stock with no intent to influence or control the company.
What is the CUSIP number for the securities mentioned in the filing?
The CUSIP number for the Common Stock of Cerence Inc. is 156727109, as specified in the filing.
From the Filing
EDGAR Filing Documents for 0001512162-24-000006 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. 0001512162-24-000006 Filing Date 2024-02-12 Accepted 2024-02-12 12:59:10 Documents 1 Document Format Files Seq Description Document Type Size 1 CNC1231202313GA CRNC13gA2023.txt SC 13G/A 7850 Complete submission text file 0001512162-24-000006.txt 9599 Mailing Address 501 MADISON AVENUE 3RD FLOOR NEW YORK NY 10022 Business Address 501 MADISON AVENUE 3RD FLOOR NEW YORK NY 10022 646-291-2852 COOPER CREEK PARTNERS MANAGEMENT LLC (Filed by) CIK : 0001512162 (see all company filings) EIN. : 262849325 | State of Incorp.: DE | Fiscal Year End: 0508 Type: SC 13G/A Mailing Address 25 MALL ROAD, SUITE 416 BURLINGTON MA 01803 Business Address 25 MALL ROAD, SUITE 416 BURLINGTON MA 01803 617-580-0843 Cerence Inc. (Subject) CIK : 0001768267 (see all company filings) EIN. : 834719946 | State of Incorp.: DE | Fiscal Year End: 0930 Type: SC 13G/A | Act: 34 | File No.: 005-91194 | Film No.: 24618759 SIC : 7372 Services-Prepackaged Software (CF Office: 06 Technology)