Eagers Automotive and AP Group Cease Substantial Holding in Mcmillan Shakespeare

Mcmillan Shakespeare Limited ( (AU:MMS) ) has issued an announcement.

Mcmillan Shakespeare Limited has announced that Eagers Automotive Limited and AP Group Pty Ltd have ceased to be substantial holders in the company as of June 3, 2025. This change involved the disposal of 3,976,229 voting securities, valued at approximately $61.6 million. The divestment may impact the company’s shareholder structure and influence its market dynamics, potentially affecting its strategic decisions and stakeholder interests.

The most recent analyst rating on (AU:MMS) stock is a Buy with a A$20.78 price target. To see the full list of analyst forecasts on Mcmillan Shakespeare Limited stock, see the AU:MMS Stock Forecast page.

More about Mcmillan Shakespeare Limited

Mcmillan Shakespeare Limited operates in the financial services industry, focusing on salary packaging, novated leasing, and asset management solutions. The company primarily serves individuals and businesses in Australia, providing tailored financial products to enhance employee benefits and streamline asset management.

Average Trading Volume: 296,756

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$1.09B

For an in-depth examination of MMS stock, go to TipRanks’ Stock Analysis page.