SCHEDULE 13G/A: BlackRock Amends EchoStar Stake, Disclosing 14.8% Beneficial Ownership in Latest SEC Filing
Schedule 13G Amendment
BlackRock, Inc. has filed an amendment to its Schedule 13G, revealing a 14.8% beneficial ownership stake in EchoStar Corp's Class A Common Stock as of December 31, 2024.
Summary
- BlackRock, Inc. filed an Amendment No. 5 to Schedule 13G regarding its beneficial ownership in EchoStar Corp's Class A Common Stock.
- As of December 31, 2024, BlackRock, Inc. beneficially owns an aggregate of 20,758,362 shares of EchoStar Corp's Class A Common Stock.
- This aggregate amount represents 14.8% of the Class A Common Stock outstanding.
- BlackRock, Inc. holds sole voting power over 20,421,061 shares and sole dispositive power over 20,758,362 shares.
- No shared voting or dispositive power is reported.
- BlackRock, Inc. is classified as a parent holding company or control person (HC).
- One of BlackRock's entities, iShares Core S & P Small-Cap ETF, is noted to beneficially own more than 5% of the total outstanding common stock of EchoStar Corp.
- The filing confirms that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing disclosing beneficial ownership, which is factual and does not inherently convey positive or negative sentiment regarding the issuer's performance or outlook.
Future Outlook
NA
Industry Context
This Schedule 13G filing indicates that BlackRock, a major institutional asset manager, maintains a significant passive investment in EchoStar Corp. Such filings are standard disclosures for institutional investors holding more than 5% of a company's stock, providing transparency on large ownership stakes within the telecommunications and media sectors.
Stakeholder Impact
- Shareholders: Provides transparency on a significant institutional holding, confirming BlackRock's continued passive investment in EchoStar.
- Regulatory Authorities: Fulfills SEC disclosure requirements for beneficial ownership, ensuring market transparency.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Date of previously revoked Power of Attorney. |
| 2024-12-31 | Date of event which requires the filing of this statement (reporting period end date). |
| 2025-01-21 | Date of execution for the new Power of Attorney. |
| 2025-02-05 | Date of filing and signature by BlackRock, Inc. |
Keywords
EchoStar Corp, BlackRock, Schedule 13G, Beneficial Ownership, Class A Common Stock, Institutional Investor, SEC Filing, Investment Management, Satellite Communications, Media
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