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Milford Asset Management Reduces Stake in Gentrack Group Ltd

Story Highlights
  • Milford Asset Management reduced its stake in Gentrack Group from 9.761% to 7.890%.
  • The reduction was due to on-market sales totaling 2,015,574 units for $24,369,447.31 NZD.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Milford Asset Management Reduces Stake in Gentrack Group Ltd

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Gentrack Group Ltd ( (AU:GTK) ) has issued an announcement.

Gentrack Group Ltd has seen a change in the substantial holding of its ordinary shares, as Milford Asset Management Limited has reduced its stake from 9.761% to 7.890%. This change was primarily due to on-market sales totaling 2,015,574 units, amounting to a total consideration of $24,369,447.31 NZD. The reduction in Milford’s holding could impact Gentrack’s market perception and shareholder dynamics.

The most recent analyst rating on (AU:GTK) stock is a Buy with a A$12.80 price target. To see the full list of analyst forecasts on Gentrack Group Ltd stock, see the AU:GTK Stock Forecast page.

More about Gentrack Group Ltd

Average Trading Volume: 205,687

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$1.18B

Learn more about GTK stock on TipRanks’ Stock Analysis page.

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