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Tabcorp Holdings Limited ( (AU:TAH) ) has shared an announcement.
Macquarie Group Limited and its controlled entities have filed a notice stating they have ceased to be substantial holders in Tabcorp Holdings Limited. The filing, lodged under Australian corporations law, confirms that Macquarie and associated entities no longer hold a reportable major stake in Tabcorp’s voting securities.
The change in substantial holding status may alter Tabcorp’s institutional investor mix and potentially affect trading liquidity and governance dynamics, as one of its large professional shareholders steps back. However, the notice is procedural and does not itself disclose any change to Tabcorp’s operations or strategic direction.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$0.95 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, media, and gaming services under various brands across retail and digital channels. It holds a significant position in Australia’s betting and lotteries markets, servicing both consumer and business customers nationwide.
Average Trading Volume: 6,268,625
Technical Sentiment Signal: Buy
Current Market Cap: A$1.95B
See more insights into TAH stock on TipRanks’ Stock Analysis page.