Barrow Hanley Global Investors Discloses Passive Stake in Lithia Motors
Ticker: LAD · Form: SC 13G · Filed: 2024-02-13T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**Big investor Barrow Hanley just revealed a passive stake in Lithia Motors, signaling institutional confidence.**
AI Summary
Barrow Hanley Global Investors, an investment management firm, filed an SC 13G on February 13, 2024, disclosing its ownership of Lithia Motors Inc. common stock as of December 31, 2023. This filing indicates that Barrow Hanley Global Investors holds a significant, but passive, stake in Lithia Motors. This matters to investors because it signals that a large institutional investor sees value in Lithia Motors, potentially boosting confidence in the stock, though the exact percentage of ownership is not detailed in the provided snippet.
Why It Matters
This filing shows a major institutional investor has a significant, passive stake in Lithia Motors, which can be a vote of confidence for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of a passive investment, indicating no immediate risks or major changes in company control.
Analyst Insight
A smart investor would note Barrow Hanley Global Investors' passive stake as a sign of institutional confidence in Lithia Motors, but would also research the exact percentage of ownership and the firm's historical performance before making any investment decisions.
Key Players & Entities
- Barrow Hanley Global Investors (company) — reporting person and institutional investor
- Lithia Motors Inc (company) — subject company, auto dealer
- December 31, 2023 (date) — date of event requiring the filing
- February 13, 2024 (date) — filing date
- 752403190 (number) — IRS Identification Number for Barrow Hanley Global Investors
- 536797103 (number) — CUSIP Number for Lithia Motors Inc. Common Stock
Forward-Looking Statements
- Barrow Hanley Global Investors will maintain a passive investment strategy in Lithia Motors Inc. for the foreseeable future. (Barrow Hanley Global Investors) — high confidence, target: December 31, 2024
- The disclosure of this institutional ownership may lead to a slight positive sentiment among investors for Lithia Motors Inc. (Lithia Motors Inc.) — medium confidence, target: March 31, 2024
FAQ
What is the purpose of an SC 13G filing?
An SC 13G filing is used by institutional investors to report beneficial ownership of 5% or more of a company's stock, indicating a passive investment intent, as seen with Barrow Hanley Global Investors and Lithia Motors Inc. on February 13, 2024.
Who is the reporting person in this SC 13G filing?
The reporting person in this SC 13G filing is Barrow Hanley Global Investors, identified by IRS Identification No. 752403190, which filed on February 13, 2024.
What is the subject company of this SC 13G filing?
The subject company of this SC 13G filing is Lithia Motors Inc., an auto dealer with CIK 0001023128, whose common stock is being reported on.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified in the filing for Lithia Motors Inc.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), which is checked in the appropriate box within the filing.
Filing Stats: 869 words · 3 min read · ~3 pages · Grade level 9 · Accepted 2024-02-13 11:56:02
Filing Documents
- lad13g02132024.htm (SC 13G) — 50KB
- 0000313028-24-000016.txt ( ) — 51KB
(a)
Item 1(a) Name of Issuer: Lithia Motors Inc. 1(b) Address of Issuer's Principal Executive Offices: 150 NORTH BARTLETT STREET MEDFORD, OR 97501
(a)
Item 2(a) Name of Person Filing: Barrow Hanley Global Investors 2(b) Address of Principal Business Office or, if none, Residence: 2200 Ross Avenue, 31st Floor Dallas, TX 75201-2761 2(c) Citizenship: A Delaware limited liability company 2(d) Title of Class of Securities Common Stock 2(e) CUSIP Number: 536797103 Item 3 If this statement is filed pursuant to 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) Group, in a accordance with 240.13d-1(b)(1)(ii)(J). 3 Item 4 Ownership: 4(a) Amount beneficially owned: 1,534,162 shares 4(b) Percent of Class: 5.57% 4(c) Number of shares as to which person has: (i) Sole power to vote or to direct the vote: 1,023,453 shares (ii) Shared power to vote or to direct the vote: 510,709 shares (iii) Sole power to dispose or to direct the disposition of: 1,534,162 shares (iv) Shared power to dispose or to direct the disposition of: — Item 5 Ownership of Five Percent or Less of a Class: Not Applicable. Item 6 Ownership of More than Five Percent on Behalf of Another Person: The right to receive or the power to direct the