tiprankstipranks
Trending News
More News >

Macquarie Group Gains Substantial Holding in Lifestyle Communities

Story Highlights
  • Macquarie Group Limited now holds a substantial stake in Lifestyle Communities.
  • This acquisition grants Macquarie significant voting power and control over securities disposal.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Macquarie Group Gains Substantial Holding in Lifestyle Communities

Don’t Miss TipRanks’ Half-Year Sale

Lifestyle Communities Ltd ( (AU:LIC) ) just unveiled an announcement.

Macquarie Group Limited has become a substantial holder in Lifestyle Communities Limited, a company focused on developing and managing affordable housing communities for retirees. This acquisition gives Macquarie Group significant voting power and control over the disposal of securities, potentially impacting the strategic direction and governance of Lifestyle Communities.

More about Lifestyle Communities Ltd

YTD Price Performance: -16.36%

Average Trading Volume: 343,811

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$870.4M

See more insights into LIC stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1