BlackRock Amends Urban One Class A Stock Ownership
Ticker: UONEK · Form: SC 13G/A · Filed: Feb 7, 2024 · CIK: 1041657
| Field | Detail |
|---|---|
| Company | Urban One, Inc. (UONEK) |
| Form Type | SC 13G/A |
| Filed Date | Feb 7, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in Urban One Class A shares.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on February 7, 2024, indicating a change in its ownership of Urban One, Inc.'s Class A Common Stock. This amendment, filed under Rule 13d-1(b), updates their previous disclosure regarding their passive investment in the radio broadcasting company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their confidence or investment strategy regarding Urban One, Inc.
Why It Matters
This filing shows BlackRock's updated stake in Urban One, Inc., providing transparency on a significant institutional investor's position, which can influence market perception.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued involvement as a passive investor in Urban One, Inc., and monitor future filings for any significant changes in their stake or a shift from passive to active investment intent.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Urban One, Inc. (company) — the subject company whose Class A Common Stock is being reported
- January 31, 2024 (date) — the date of the event requiring the filing
- February 7, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating a change in beneficial ownership of securities.
Which company is the subject of this filing?
The subject company is Urban One, Inc., formerly known as Radio One Inc., with CIK 0001041657.
Who filed this SC 13G/A?
BlackRock Inc., a security broker, dealer, and flotation company (CIK 0001364742), filed this SC 13G/A.
What is the specific security class mentioned in the filing?
The specific security class mentioned is 'Class A Common Stock' of Urban One, Inc., with CUSIP Number 91705J105.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was January 31, 2024.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 7, 2024 regarding URBAN ONE, INC. (UONEK).