Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest announcement is out from Tabcorp Holdings Limited ( (AU:TAH) ).
Tabcorp Holdings Limited has disclosed that Macquarie Group Limited has become a substantial shareholder in the company, acquiring a relevant interest in 114,746,289 ordinary shares, equivalent to 5.01% of Tabcorp’s voting power. The new stake brings a major institutional investor further onto Tabcorp’s register, within the company’s and wagering legislation’s 10% voting power cap, highlighting ongoing strategic interest in the gambling operator while reinforcing existing ownership and regulatory limits that can affect future share accumulations and corporate control dynamics.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.12 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 a leading Australian gambling entertainment group, operating licensed wagering, media and gaming services. The company provides betting and gaming products across retail outlets, digital platforms and media channels, with a strong focus on regulated wagering markets in Australia.
Average Trading Volume: 6,739,003
Technical Sentiment Signal: Buy
Current Market Cap: A$2.28B
Learn more about TAH stock on TipRanks’ Stock Analysis page.