SCHEDULE 13G/A: Cooper Creek Partners Management Discloses 3.95% Passive Stake in Genius Sports Ltd
Beneficial Ownership Report
Cooper Creek Partners Management LLC has filed an amended Schedule 13G, reporting a passive beneficial ownership of 3.95% of Genius Sports Ltd's common stock as of December 31, 2024.
Summary
- Cooper Creek Partners Management LLC reported beneficial ownership of 9,699,898 shares of Genius Sports Ltd common stock.
- This stake represents 3.95% of the total class of securities.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously reported ownership.
- Cooper Creek Partners Management LLC holds sole voting power and sole dispositive power over all 9,699,898 reported shares.
- The shares were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing the control of Genius Sports Ltd.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of passive beneficial ownership and does not contain information that would significantly alter the company's operational or financial outlook, thus maintaining a neutral sentiment.
Positives
- An institutional investor, Cooper Creek Partners Management LLC, holds a significant stake in Genius Sports Ltd, which can be interpreted as a vote of confidence in the company's long-term prospects.
- The filing explicitly states that the shares are held in the ordinary course of business and not for the purpose of influencing control, indicating a passive investment approach.
Negatives
- No specific negative information regarding Genius Sports Ltd's operations or financial health is disclosed in this ownership filing.
Risks
- The filing does not detail specific operational, financial, or strategic risks pertaining to Genius Sports Ltd. It is solely a disclosure of beneficial ownership.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake, confirming a passive investment approach rather than an activist one.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement, representing the beneficial ownership calculation date. |
| 02/14/2025 | Date of filing and signature by Cooper Creek Partners Management LLC. |
Keywords
Genius Sports Ltd, Cooper Creek Partners Management, Schedule 13G, beneficial ownership, common stock, passive investment, SEC filing, G3934V109
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