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An update from Pilbara Minerals ( (AU:PLS) ) is now available.
Mitsubishi UFJ Financial Group, Inc. has notified PLS Group Limited that it has ceased to be a substantial holder in the company, following a series of share transactions and securities borrow returns conducted through entities controlled by Morgan Stanley and First Sentier Group Limited. The change reflects a rebalancing of Mitsubishi UFJ’s position in PLS Group’s fully paid ordinary shares, potentially altering the mix of major institutional investors on the company’s register and signaling shifts in how large global financial groups are exposed to the stock.
The most recent analyst rating on (AU:PLS) stock is a Buy with a A$5.40 price target. To see the full list of analyst forecasts on Pilbara Minerals stock, see the AU:PLS Stock Forecast page.
More about Pilbara Minerals
PLS Group Limited, associated with Pilbara Minerals, operates in the resources sector with its securities actively traded on the market. The company’s register includes holdings from major global financial institutions, reflecting its relevance to institutional investors and broader capital markets.
Average Trading Volume: 27,952,334
Technical Sentiment Signal: Buy
Current Market Cap: A$15.4B
See more insights into PLS stock on TipRanks’ Stock Analysis page.