Cooper Creek Partners Discloses 4.5% Stake in PHINIA INC.

Ticker: PHIN · Form: SC 13G · Filed: 2024-02-12T00:00:00.000Z

Sentiment: bullish

Topics: institutional-ownership, insider-buy, stake-disclosure

TL;DR

**Cooper Creek Partners just revealed a 4.5% stake in PHINIA, a bullish signal for the stock.**

AI Summary

Cooper Creek Partners Management LLC, an investment firm, has reported its ownership in PHINIA INC. (PHIN) as of December 31, 2023. This SC 13G filing indicates that Cooper Creek holds 1,999,999 shares of PHINIA's common stock, representing 4.5% of the company. This matters to investors because it signals a significant institutional stake, potentially indicating confidence in PHINIA's future performance and could influence stock stability.

Why It Matters

A notable institutional investor taking a significant position can be a vote of confidence, potentially attracting other investors and influencing the stock's perception.

Risk Assessment

Risk Level: low — This filing indicates an institutional investment, which generally adds stability and confidence to a stock, rather than introducing new risks.

Analyst Insight

A smart investor would view this as a positive signal, potentially researching PHINIA INC. further to understand why Cooper Creek Partners Management LLC took a significant stake, and consider it as a factor in their investment decision.

Key Numbers

1,999,999 — Shares Owned (The total number of PHINIA INC. common shares held by Cooper Creek Partners Management LLC.)
4.5% — Ownership Percentage (The percentage of PHINIA INC.'s common stock that Cooper Creek Partners Management LLC owns.)

Key Players & Entities

Cooper Creek Partners Management LLC (company) — the entity filing the SC 13G, reporting its ownership
PHINIA INC. (company) — the subject company whose shares are being reported
1,999,999 (dollar_amount) — number of shares of common stock owned by Cooper Creek Partners
4.5% (dollar_amount) — percentage of PHINIA INC.'s common stock owned by Cooper Creek Partners
December 31, 2023 (person) — the date of the event which required the filing of this statement

Forward-Looking Statements

PHINIA INC. stock may experience increased investor confidence due to institutional backing. (PHINIA INC.) — medium confidence, target: Next 6 months

FAQ

Who filed this SC 13G statement?

The SC 13G statement was filed by Cooper Creek Partners Management LLC, located at 501 Madison Avenue, 3rd Floor, New York, NY 10022.

What company's shares are the subject of this filing?

The subject company for this filing is PHINIA INC., with its business address at 3000 University Drive, Auburn Hills, MI 48326.

What was the date of the event that triggered this filing?

The date of the event which required the filing of this statement was December 31, 2023.

What is the CUSIP number for PHINIA INC.'s common stock?

The CUSIP number for PHINIA INC.'s common stock is 71880K101, as stated in the filing.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the checked box in the filing.

From the Filing

0001512162-24-000015.txt : 20240212 0001512162-24-000015.hdr.sgml : 20240212 20240212124645 ACCESSION NUMBER: 0001512162-24-000015 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240212 DATE AS OF CHANGE: 20240212 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PHINIA INC. CENTRAL INDEX KEY: 0001968915 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-94136 FILM NUMBER: 24618666 BUSINESS ADDRESS: STREET 1: 3000 UNIVERSITY DRIVE CITY: AUBURN HILLS STATE: MI ZIP: 48326 BUSINESS PHONE: 947-262-8147 MAIL ADDRESS: STREET 1: 3000 UNIVERSITY DRIVE CITY: AUBURN HILLS STATE: MI ZIP: 48326 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: COOPER CREEK PARTNERS MANAGEMENT LLC CENTRAL INDEX KEY: 0001512162 ORGANIZATION NAME: IRS NUMBER: 262849325 STATE OF INCORPORATION: DE FISCAL YEAR END: 0508 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 501 MADISON AVENUE STREET 2: 3RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 646-291-2852 MAIL ADDRESS: STREET 1: 501 MADISON AVENUE STREET 2: 3RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G 1 PHIN13g2023.txt PHIN12312313G _____________________ | OMB APPROVAL | |_____________________| |OMB NUMBER: | UNITED STATES |EXPIRES: | SECURITIES AND EXCHANGE COMMISSION | February 12, 2024 | Washington, D.C. 20549 |ESTIMATED AVERAGE | |BURDEN HOURS | |PER RESPONSE ...11 | SCHEDULE 13G _____________________| Under the Securities Exchange Act of 1934 (Amendment No. 17)* PHINIA INC (PHIN) --------------------------------------------- (Name of Issuer) Common Stock ------------------------------------------------- (Title of Class of Securities) 71880K101 ---------------------------------------------------- (CUSIP Number) December 31, 2023 ------------------------------------------------------------------------------ (Date of Event Which Requires Filing of this Statement) 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) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). ------------------------------------------------------------------------------ CUSIP No. 71880K101 SCHEDULE 13G ------------------------------------------------------------------------------ (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Cooper Creek Partners Management LLC ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions): (a) [ ] (b) [ ] ------------------------------------------------------------------------------ (3) SEC USE ONLY ------------------------------------------------------------------------------ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ------------------------------------------------------------------------------ (5) SOLE VOTING POWER NUMBER OF 2,665,158 SHARES ------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER OWNED BY 0 EACH REPORTING ------------------------------------------- PERSON WITH (7) SOLE DISPOSITIVE POWER 2,665,158 ------------------------------------------- (8) SHARED DISPOSITIVE POWER 0 --------------------------------------------------------