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PWR Holdings ( (AU:PWH) ) has shared an update.
JPMorgan Chase & Co. and its affiliates have notified PWR Holdings that they have ceased to be a substantial shareholder in the company, following changes in their relevant interests in PWR’s ordinary shares through securities lending and proprietary trading activities by various JPMorgan entities. The move reduces JPMorgan’s influence over PWR’s voting stock and signals a shift in the company’s shareholder base, with potential implications for the balance of institutional versus other investors on the register.
The most recent analyst rating on (AU:PWH) stock is a Hold with a A$10.50 price target. To see the full list of analyst forecasts on PWR Holdings stock, see the AU:PWH Stock Forecast page.
More about PWR Holdings
Average Trading Volume: 176,719
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$964.5M
Find detailed analytics on PWH stock on TipRanks’ Stock Analysis page.