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Magellan Acquires Substantial Stake in Premier Investments

Story Highlights
  • Magellan Financial Group Ltd now holds a 5.07% stake in Premier Investments.
  • This acquisition may influence Premier Investments’ shareholder dynamics and market perception.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Magellan Acquires Substantial Stake in Premier Investments

Confident Investing Starts Here:

Premier Investments Limited ( (AU:PMV) ) has shared an update.

Magellan Financial Group Ltd has become a substantial holder in Premier Investments Limited, acquiring a 5.07% voting power through 8,120,815 ordinary fully paid shares. This acquisition indicates a significant investment by Magellan, potentially impacting Premier Investments’ shareholder dynamics and market perception.

The most recent analyst rating on (AU:PMV) stock is a Hold with a A$33.00 price target. To see the full list of analyst forecasts on Premier Investments Limited stock, see the AU:PMV Stock Forecast page.

More about Premier Investments Limited

Average Trading Volume: 288,045

Technical Sentiment Signal: Hold

Current Market Cap: A$3.09B

For detailed information about PMV stock, go to TipRanks’ Stock Analysis page.

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