BlackRock Amends TSQ Stake to 10.9% as of Jan 31, 2024
Ticker: TSQ · Form: SC 13G/A · Filed: 2024-02-07T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock just updated its Townsquare Media stake to 10.9%, a notable institutional holding.**
AI Summary
BlackRock Inc. has filed an amended SC 13G/A for Townsquare Media, Inc. (TSQ), indicating a change in their ownership stake. As of January 31, 2024, BlackRock now beneficially owns 2,008,819 shares of Townsquare Media's Class A Common Stock, representing 10.9% of the company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in the company's future prospects, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated significant ownership in Townsquare Media, which can be seen as a vote of confidence from a major institutional investor, potentially attracting other investors.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate negative risks for the company.
Analyst Insight
An investor should note BlackRock's continued significant stake in Townsquare Media, Inc. (10.9%), which suggests a long-term institutional interest. While not a direct buy signal, it provides a level of validation for the company. Further research into Townsquare Media's financials and future prospects would be prudent.
Key Numbers
- 2,008,819 — Shares Owned (The total number of Class A Common Stock shares of Townsquare Media, Inc. beneficially owned by BlackRock Inc. as of January 31, 2024.)
- 10.9% — Ownership Percentage (The percentage of Townsquare Media, Inc.'s Class A Common Stock that BlackRock Inc. beneficially owns, indicating a significant stake.)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Townsquare Media, Inc. (company) — the subject company whose shares are being reported
- 2,008,819 (dollar_amount) — number of Class A Common Stock shares beneficially owned by BlackRock
- 10.9% (dollar_amount) — percentage of Class A Common Stock owned by BlackRock
- January 31, 2024 (person) — the date of the event requiring the filing
Forward-Looking Statements
- BlackRock will maintain a significant stake in Townsquare Media, Inc. for the foreseeable future. (BlackRock Inc.) — high confidence, target: 2025-02-07
- Other institutional investors may review their positions in Townsquare Media, Inc. in light of BlackRock's updated filing. (Townsquare Media, Inc.) — medium confidence, target: 2024-05-07
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No: 1) to a Schedule 13G, indicating a change in beneficial ownership of Townsquare Media, Inc.'s Class A Common Stock by BlackRock Inc. as required by Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person in this filing is BlackRock Inc., a major institutional investment manager with a business address at 50 Hudson Yards, New York, NY 10001.
What is the subject company and its primary business?
The subject company is Townsquare Media, Inc. (CIK: 0001499832), which operates in the Radio Broadcasting Stations industry (SIC 4832) and is headquartered at 1 Manhattanville Road, Suite 202, Purchase, NY 10577.
How many shares of Townsquare Media, Inc. does BlackRock Inc. beneficially own as per this filing?
As of January 31, 2024, BlackRock Inc. beneficially owns 2,008,819 shares of Townsquare Media, Inc.'s Class A Common Stock.
What percentage of Townsquare Media, Inc.'s Class A Common Stock does BlackRock Inc. own?
BlackRock Inc. beneficially owns 10.9% of Townsquare Media, Inc.'s Class A Common Stock, as reported on the cover page of the filing.
From the Filing
EDGAR Filing Documents for 0001086364-24-006868 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-006868 Filing Date 2024-02-07 Accepted 2024-02-07 17:09:03 Documents 1 Document Format Files Seq Description Document Type Size 1 us8922311019_020724.txt SC 13G/A 10623 Complete submission text file 0001086364-24-006868.txt 12525 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 1 MANHATTANVILLE ROAD, SUITE 202 PURCHASE NY 10577 Business Address 1 MANHATTANVILLE ROAD, SUITE 202 PURCHASE NY 10577 203-861-0900 Townsquare Media, Inc. (Subject) CIK : 0001499832 (see all company filings) EIN. : 271996555 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-88259 | Film No.: 24605672 SIC : 4832 Radio Broadcasting Stations (CF Office: 06 Technology)