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BlackRock adjusts stake in Hunting PLC

Published 29/01/2025, 18:04
BlackRock adjusts stake in Hunting PLC
HTG
0.16%
BLK
0.44%

LONDON - BlackRock (NYSE:BLK), Inc., the American global investment management corporation based in Wilmington, USA, has adjusted its holdings in UK-based Hunting (LON:HTG) PLC, according to a notification filed on January 29, 2025.

The notification, following the standard form for the announcement of major holdings, indicated that BlackRock’s transaction crossed a threshold on January 28, 2025, leading to a change in their total voting rights in the company. BlackRock now holds a total of 6.16% of the voting rights in Hunting PLC, which is a decrease from their previous notification. The current holding includes 4.89% of direct voting rights attached to shares and 1.27% through financial instruments, specifically Contracts for Difference (CFDs) settled in cash.

The total number of voting rights now held by BlackRock in Hunting PLC is 10,173,985. This change in holdings represents a shift from the previously reported 7.57% total voting rights, indicating a decrease in BlackRock’s investment in the company.

The detailed notification shows that the voting rights are held through a complex chain of controlled undertakings, with BlackRock, Inc. at the top. The list includes several entities such as BlackRock Investment Management, LLC, BlackRock Financial Management, Inc., and BlackRock International Holdings, Inc., among others.

This adjustment in BlackRock’s stake in Hunting PLC is part of standard market operations and reflects the ongoing adjustments made by investment management firms in their portfolios. The notification was completed at BlackRock’s regulatory threshold reporting team’s office in London.

Investors and market watchers often monitor such filings to gauge investment firms’ confidence in the companies they invest in and to understand market trends related to major holdings. The information for this report is based on a press release statement.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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