Institutional investors in Albany International (AIN) report 4.8% equity stake
Rhea-AI Filing Summary
Albany International Corp. (AIN) has a large institutional holder reporting a sub‑5% position in its Class A common stock. American Century Investment Management, Inc., American Century Companies, Inc., and the Stowers Institute for Medical Research report beneficial ownership of 1,381,396 shares, or 4.8% of the class as of the event date.
They report sole voting power over 1,360,109 shares and sole dispositive power over 1,381,396 shares, with no shared voting or dispositive power. The securities are described as acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of Albany International.
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FAQ
What stake in Albany International Corp. (AIN) is reported in this Schedule 13G/A?
The filing reports beneficial ownership of 1,381,396 shares of Albany International Class A common stock, representing 4.8% of the outstanding class. This reflects a significant institutional position, but below the 5% threshold that often signals a larger control-oriented holding.
Who are the reporting persons in the Albany International (AIN) Schedule 13G/A?
The reporting persons are American Century Investment Management, Inc., American Century Companies, Inc., and the Stowers Institute for Medical Research. These entities jointly report beneficial ownership and related voting and dispositive powers over Albany International’s Class A common stock in this Schedule 13G/A.
Is the 4.8% Albany International (AIN) stake held for control purposes?
The securities are certified as acquired and held in the ordinary course of business, not to change or influence control of Albany International. The filing explicitly states they are not held in connection with any control-related transaction, other than limited nomination activities allowed under specific regulatory provisions.
What does ‘Ownership of 5 percent or less of a class’ mean in this Albany International (AIN) filing?
The filing confirms ownership of 5 percent or less of the Class A common stock. This signals that no single client or related party advised by American Century holds more than 5% of the class, even though the aggregated institutional position reaches 4.8% of outstanding shares.
How is the Stowers Institute for Medical Research involved with Albany International (AIN) shares?
The Stowers Institute for Medical Research is identified as the control entity of American Century Companies, Inc., whose subsidiary American Century Investment Management, Inc. is the investment adviser. Through this control structure, Stowers is listed as a reporting person for the beneficial ownership of Albany International shares.