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Curro Holdings sees significant shareholder influence on stock price

EditorHari Govind
Published 26/10/2023, 08:42
© Reuters.

Investors in Curro Holdings Limited (JSE:COH) are witnessing a significant impact on the company's stock price due to the substantial influence of various shareholder groups. Institutions, which hold a 40% stake in the company, have the potential to sway trading decisions due to their considerable resources and liquidity. However, a synchronized shift in perception of the stock by multiple institutions could trigger a swift decline in share price.

Curro Holdings' earnings history and future prospects play a pivotal role in this dynamic. In addition to institutional investors, hedge funds, recognized for their active influence, own 5.6% of Curro Holdings shares.

The largest shareholder is Jf Mouton Familietrust, holding a 13% stake. The second largest shareholder holds about 11%, followed by the third largest shareholder with 9.8%. These top six shareholders represent roughly 52% of the register, indicating a balance between larger and smaller shareholders' interests.

Insider ownership in Curro Holdings Limited is also noteworthy, with insiders collectively owning ZAR 273 million worth of the ZAR 6.1 billion company. This suggests an alignment between shareholders and the board. The general public holds a substantial 26% stake in Curro Holdings, while private companies own 13% of the shares on issue. This may include related parties or insiders holding through a private company.

Potential investors are advised to take into account certain risks associated with Curro Holdings, as two warning signs have been identified for the company.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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