With 53% ownership of the shares, Evolution Mining Limited (ASX:EVN) is heavily dominated by institutional owners

In This Article:

Key Insights

  • Institutions' substantial holdings in Evolution Mining implies that they have significant influence over the company's share price

  • 50% of the business is held by the top 13 shareholders

  • Ownership research along with analyst forecasts data help provide a good understanding of opportunities in a stock

If you want to know who really controls Evolution Mining Limited (ASX:EVN), then you'll have to look at the makeup of its share registry. With 53% stake, institutions possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company.

Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute.

Let's delve deeper into each type of owner of Evolution Mining, beginning with the chart below.

Check out our latest analysis for Evolution Mining

ownership-breakdown
ASX:EVN Ownership Breakdown December 31st 2024

What Does The Institutional Ownership Tell Us About Evolution Mining?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.

We can see that Evolution Mining does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Evolution Mining's earnings history below. Of course, the future is what really matters.

earnings-and-revenue-growth
ASX:EVN Earnings and Revenue Growth December 31st 2024

Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Evolution Mining is not owned by hedge funds. Our data shows that Australian Super Pty Ltd is the largest shareholder with 15% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 10% and 6.9%, of the shares outstanding, respectively.

A closer look at our ownership figures suggests that the top 13 shareholders have a combined ownership of 50% implying that no single shareholder has a majority.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.