key insights
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The large proportion of retail investors in Star Entertainment Group suggests that important decisions are influenced by general shareholders.
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A total of 25 investors hold a majority stake in the company, holding 50% of the ownership.
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What Insiders Recently Bought
Every investor in The Star Entertainment Group Limited (ASX:SGR) should be aware of the most powerful shareholder groups. Individual investors hold 49% of the shares, making them the largest holders of the company. That is, if the stock price rises, the group will gain the most (or if the stock price falls, it will suffer the maximum loss).
Institutional investors, who own 34%, came under pressure as the market capitalization fell to A$1.5 billion last week, while retail investors suffered the most losses.
Let's take a closer look to see what the different types of shareholders can tell us about Star Entertainment Group.
Check out our latest analysis for Star Entertainment Group.
What does institutional ownership tell us about Star Entertainment Group?
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they usually consider buying larger companies that are included in the relevant benchmark index.
We can see that Star Entertainment Group does have institutional investors. And they own a significant portion of the company's stock. This implies the analysts working for these institutions have considered the stock and they like it. But just like anyone else, they can be wrong. If multiple financial institutions change their view on a stock at the same time, you could see the stock price drop fast. It is therefore worth checking Star Entertainment Group's earnings history, below. Of course, what really matters is the future.
Star Entertainment Group is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is Bruce Mathieson with his 8.2% of shares outstanding. For context, the second largest shareholder holds about 7.3% of the shares outstanding, followed by an ownership of 5.1% by the third largest shareholder.
After reviewing our ownership data, we found that the 25 largest shareholders collectively own less than 50% of the share registry. This means that no single individual has a majority interest.
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. Quite a few analysts cover this stock, so you can find out its expected growth quite easily.
Insider ownership in Star Entertainment Group
The definition of a company insider can be subjective and varies by jurisdiction. Our data reflects individual insiders and includes at least board members. Management ultimately answers to the board. However, it is not uncommon for managers to be members of the board of directors. Especially if the manager is the founder or CEO.
Most consider insider ownership a positive, because it can indicate the board is well aligned with other shareholders. However, in some cases, too much power may be concentrated within this group.
Our most recent data indicates that insiders own some shares in The Star Entertainment Group Limited. Insiders own significant shares worth AU$152m. Most people would consider this a very positive thing. If you want to know more about insider alignment issues, click here to see if insiders have been buying or selling.
Public ownership
The general public, usually retail investors, owns 49% of Star Entertainment Group's shares. While this group doesn't necessarily call the shots, it can certainly have a big influence on how the company is run.
Private company ownership
Our data shows that Private companies own 3.3% of the company's shares. Private companies may qualify as related parties. Insiders may have an interest in a public company through ownership in a private company rather than in their individual capacity. Although it is difficult to draw broad conclusions, it is worth noting as an area with room for further research.
Public company ownership
It appears to us that public companies own 3.6% of Star Entertainment Group. We can't be sure, but it's very possible that this is a strategic interest. Businesses may be similar or aligned.
Next steps:
I think it would be very interesting to see who exactly owns the company. But to really gain insight, you need to consider other information as well. For example, we identified 1 warning sign for Star Entertainment Group. What you need to know.
But in the end it's the futureIt, not the past, determines how well the owner of this business will do. So we might consider this free report showing whether analysts are predicting a bright future.
Note: The numbers in this article are calculated using data from the previous 12 months and refer to the 12-month period ending on the last day of the month in which the financial statements are dated. This may not match the full year annual report figures.
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This article by Simply Wall St is general in nature. We provide commentary using only unbiased methodologies, based on historical data and analyst forecasts, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.