In This Article:
Key Insights
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Significant control over Lumine Group by public companies implies that the general public has more power to influence management and governance-related decisions
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Constellation Software Inc. owns 61% of the company
If you want to know who really controls Lumine Group Inc. (CVE:LMN), then you'll have to look at the makeup of its share registry. We can see that public companies own the lion's share in the company with 61% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
And last week, public companies endured the biggest losses as the stock fell by 6.1%.
Let's delve deeper into each type of owner of Lumine Group, beginning with the chart below.
View our latest analysis for Lumine Group
What Does The Institutional Ownership Tell Us About Lumine Group?
Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.
As you can see, institutional investors have a fair amount of stake in Lumine Group. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Lumine Group, (below). Of course, keep in mind that there are other factors to consider, too.
We note that hedge funds don't have a meaningful investment in Lumine Group. The company's largest shareholder is Constellation Software Inc., with ownership of 61%. This essentially means that they have extensive influence, if not outright control, over the future of the corporation. In comparison, the second and third largest shareholders hold about 6.5% and 2.8% of the stock.
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. While there is some analyst coverage, the company is probably not widely covered. So it could gain more attention, down the track.
Insider Ownership Of Lumine Group
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.