SCHEDULE 13G/A: Alger Associates, Inc. Discloses 3.0% Beneficial Ownership in Montrose Environmental Group
Beneficial Ownership Disclosure
Alger Associates, Inc. has filed an amended Schedule 13G, reporting a 3.0% beneficial ownership stake in Montrose Environmental Group, Inc. as of December 31, 2024.
Summary
- Alger Associates, Inc. reported beneficial ownership of 1,013,896 shares of Montrose Environmental Group, Inc. common stock.
- This represents 3.0% of the class of securities.
- The filing is an Amendment No. 1 to a previous Schedule 13G.
- Alger Associates, Inc. holds sole voting power over 607,051 shares and sole dispositive power over 1,013,896 shares.
- The securities are beneficially owned by investment management clients of Weatherbie Capital, LLC (WC) and previously Fred Alger Management, LLC (FAM), both 100% owned subsidiaries of Alger Group Holdings, LLC (AGH), which is a 100% owned subsidiary of Alger Associates, Inc.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently lead to a positive or negative sentiment.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of beneficial ownership by an investment management firm, Alger Associates, Inc., in Montrose Environmental Group, Inc. It reflects an investment position rather than operational or strategic news for Montrose Environmental Group, Inc. and does not directly relate to broader industry trends beyond indicating continued institutional interest in the environmental services sector.
Related Party Transactions
- The securities are beneficially owned by investment management clients of Weatherbie Capital, LLC (WC) and previously Fred Alger Management, LLC (FAM).
- WC and FAM are both 100% owned subsidiaries of Alger Group Holdings, LLC (AGH).
- AGH is a 100% owned subsidiary of Alger Associates, Inc., the reporting person.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake in the company, confirming continued investment interest.
- Company Management: Awareness of a major shareholder's position and voting power.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires the filing of this statement, representing the snapshot of beneficial ownership. |
| 02/14/2025 | Date the Schedule 13G/A filing was signed by Alger Associates, Inc. |
Keywords
Montrose Environmental Group, Alger Associates, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment Management, Environmental Services
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