If you want to know who really controls Comet Holding AG (VTX:COTN), then you'll have to look at the makeup of its share registry. Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. Companies that have been privatized tend to have low insider ownership.
Comet Holding is a smaller company with a market capitalization of CHF636m, so it may still be flying under the radar of many institutional investors. Our analysis of the ownership of the company, below, shows that institutional investors have bought into the company. Let's take a closer look to see what the different types of shareholder can tell us about COTN.
View our latest analysis for Comet Holding
What Does The Institutional Ownership Tell Us About Comet Holding?
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.
Comet Holding already has institutions on the share registry. Indeed, they own 41% of the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. 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 Comet Holding's earnings history, below. Of course, the future is what really matters.
We note that hedge funds don't have a meaningful investment in Comet Holding. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.
Insider Ownership Of Comet Holding
The definition of company insiders can be subjective, and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.
Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.
I can report that insiders do own shares in Comet Holding AG. In their own names, insiders own CHF7.0m worth of stock in the CHF636m company. Some would say this shows alignment of interests between shareholders and the board. But it might be worth checking if those insiders have been selling.