Private companies account for 46% of Autosports Group Limited's (ASX:ASG) ownership, while insiders account for 28%
In This Article:
Key Insights
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The considerable ownership by private companies in Autosports Group indicates that they collectively have a greater say in management and business strategy
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A total of 5 investors have a majority stake in the company with 51% ownership
Every investor in Autosports Group Limited (ASX:ASG) should be aware of the most powerful shareholder groups. The group holding the most number of shares in the company, around 46% to be precise, is private companies. Put another way, the group faces the maximum upside potential (or downside risk).
Individual insiders, on the other hand, account for 28% of the company's stockholders. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders.
Let's take a closer look to see what the different types of shareholders can tell us about Autosports Group.
See our latest analysis for Autosports Group
What Does The Institutional Ownership Tell Us About Autosports Group?
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.
As you can see, institutional investors have a fair amount of stake in Autosports 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 Autosports Group, (below). Of course, keep in mind that there are other factors to consider, too.
Hedge funds don't have many shares in Autosports Group. The company's largest shareholder is James Pagent, with ownership of 20%. Nicholas Pagent Family Trust is the second largest shareholder owning 11% of common stock, and Varina Trust holds about 7.7% of the company stock. In addition, we found that Nicholas Pagent, the CEO has 1.2% of the shares allocated to their name.
To make our study more interesting, we found that the top 5 shareholders control more than half of the company which implies that this group has considerable sway over the company's decision-making.
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.