BlackRock (NYSE: BLK) discloses 7.7% Class A stake in Hovnanian (HOV)
Rhea-AI Filing Summary
BlackRock, Inc. reports beneficial ownership of 399,397 shares of HOVNANIAN ENTERPRISES INC Class A stock, representing 7.7% of the class. BlackRock has sole voting power over 391,924 of these shares and sole dispositive power over 399,397 shares, with no shared voting or dispositive power.
The filing notes that these holdings are attributed to certain BlackRock business units, and do not include securities beneficially owned by other disaggregated units. Various underlying persons have rights to dividends or sale proceeds from these shares, but no single underlying holder has more than five percent of Hovnanian’s outstanding common shares. BlackRock certifies the holdings are in the ordinary course of business and not for the purpose of changing or influencing control of Hovnanian.
Positive
- None.
Negative
- None.
FAQ
What stake does BlackRock, Inc. report in HOV (Hovnanian Enterprises Inc)?
BlackRock, Inc. reports beneficial ownership of 399,397 shares of HOVNANIAN ENTERPRISES INC Class A stock, representing 7.7% of the outstanding class.
How much voting and dispositive power does BlackRock have over HOV shares?
BlackRock reports sole voting power391,924 shares and sole dispositive power over 399,397 shares of Hovnanian Class A stock, with no shared voting or dispositive power.
Is BlackRock’s HOV position held to influence control of Hovnanian Enterprises Inc?
BlackRock certifies that the Hovnanian securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of the issuer.
Who ultimately benefits from the HOV shares reported by BlackRock?
The filing states that various persons have the right to receive dividends or sale proceeds from the reported Hovnanian shares, but that no one person has an interest exceeding five percent of Hovnanian’s total outstanding common shares.
Which BlackRock units are included in this HOV ownership report?
The report covers securities beneficially owned, or deemed beneficially owned, by certain Reporting Business Units of BlackRock, Inc. It excludes securities beneficially owned by other BlackRock business units whose ownership is disaggregated under SEC Release No. 34-39538.
What type of investor is BlackRock classified as in this HOV filing?
BlackRock is classified as an HC (Holding Company) in this Schedule 13G/A for Hovnanian Enterprises Inc.
Who signed the BlackRock Schedule 13G/A for HOVNANIAN ENTERPRISES INC?
The statement was signed by Spencer Fleming, Managing Director at BlackRock, Inc., certifying that the information is true, complete, and correct.