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Tabcorp Holdings Limited ( (AU:TAH) ) has issued an update.
Macquarie Group Limited and a range of its controlled entities have lodged a notice that they have ceased to be a substantial holder in Tabcorp Holdings. The filing, made under Australia’s Corporations Act, reflects changes in Macquarie’s relevant voting interests and associations in Tabcorp, indicating a reduction in its influence over the wagering group’s shareholder register.
The change removes Macquarie from the ranks of major shareholders that must report substantial holdings, potentially altering the mix of institutional investors backing Tabcorp. While the notice is largely procedural, it underscores ongoing shifts in ownership among large financial institutions and may signal evolving views on exposure to Australia’s gambling sector.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.20 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
More about Tabcorp Holdings Limited
Tabcorp Holdings Limited is an Australian-listed gambling and entertainment company, operating wagering, gaming and related services across the country. The group’s activities span betting, lotteries and associated products, with its shares traded on the ASX under the ticker TAH.AX, making it a significant player in Australia’s regulated gaming market.
Average Trading Volume: 7,572,255
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$2.24B
See more data about TAH stock on TipRanks’ Stock Analysis page.