BlackRock Discloses 5.0% Stake in Beyond Air (XAIR)
Ticker: XAIR · Form: SC 13G · Filed: Jan 29, 2024 · CIK: 1641631
| Field | Detail |
|---|---|
| Company | Beyond Air, Inc. (XAIR) |
| Form Type | SC 13G |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, medical-devices
TL;DR
**BlackRock just revealed a 5% stake in Beyond Air, signaling institutional interest.**
AI Summary
BlackRock Inc., a major investment firm, reported its holdings in Beyond Air, Inc. (NASDAQ: XAIR) as of December 31, 2023. This SC 13G filing indicates BlackRock beneficially owns 2,059,578 shares, representing 5.0% of Beyond Air's Common Stock. This matters to investors because it signals that a large, institutional investor sees value in Beyond Air, a company focused on medical instruments, potentially boosting confidence in the stock.
Why It Matters
A significant stake by a major institutional investor like BlackRock can be seen as a vote of confidence, potentially attracting more investors and influencing stock price positively.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces perceived risk due to increased institutional oversight.
Analyst Insight
Smart investors should view BlackRock's 5.0% stake as a positive signal, potentially indicating a belief in Beyond Air's long-term prospects, and consider further research into the company's fundamentals.
Key Numbers
- 2,059,578 — Shares Owned (Total shares of Beyond Air, Inc. Common Stock beneficially owned by BlackRock Inc.)
- 5.0% — Ownership Percentage (Percentage of Beyond Air, Inc. Common Stock beneficially owned by BlackRock Inc.)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G
- Beyond Air, Inc. (company) — the subject company whose shares are being reported
- 2,059,578 (dollar_amount) — number of shares beneficially owned by BlackRock
- 5.0% (dollar_amount) — percentage of Beyond Air's Common Stock owned by BlackRock
- December 31, 2023 (person) — the date of the event requiring the filing
Forward-Looking Statements
- Beyond Air's stock price may see increased stability due to institutional backing. (Beyond Air, Inc.) — medium confidence, target: Q2 2024
FAQ
Who filed this SC 13G statement?
This SC 13G statement was filed by BlackRock Inc., a major investment management corporation, as indicated in the 'FILED BY' section of the filing.
What company's shares are the subject of this filing?
The subject company for this filing is Beyond Air, Inc., as stated under 'SUBJECT COMPANY' and 'Name of Issuer' in the filing.
How many shares of Beyond Air, Inc. does BlackRock Inc. beneficially own according to this filing?
BlackRock Inc. beneficially owns 2,059,578 shares of Beyond Air, Inc. Common Stock, as detailed in the filing's summary data.
What percentage of Beyond Air, Inc.'s Common Stock does BlackRock Inc. own?
BlackRock Inc. owns 5.0% of Beyond Air, Inc.'s Common Stock, as reported in the filing.
What was the date of the event that triggered this filing?
The date of the event which required this filing was December 31, 2023, as specified in the 'Date of Event Which Requires Filing of this Statement' section.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 29, 2024 by December 31, 2023 regarding Beyond Air, Inc. (XAIR).