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a2 Milk Company ( (NZ:ATM) ) has issued an update.
The a2 Milk Company has disclosed an amended substantial product holder notice showing that Paradice Investment Management has increased its stake in the dairy group. Paradice’s holding has risen from 5.42% to 6.53% of a2 Milk’s ordinary shares, following a series of on-market share purchases completed between late April and mid-May.
The buying program lifted Paradice’s position to 47.37 million shares, held through multiple nominee custodians. The enlarged stake underscores continuing institutional investor interest in a2 Milk, signalling confidence in the company’s outlook and potentially adding to trading liquidity and influence over future shareholder decisions.
The most recent analyst rating on (NZ:ATM) stock is a Sell with a N$5.85 price target. To see the full list of analyst forecasts on a2 Milk Company stock, see the NZ:ATM Stock Forecast page.
More about a2 Milk Company
The a2 Milk Company is a dairy producer focused on branded milk and related nutritional products, specialising in milk containing only the A2 beta-casein protein. It targets consumers seeking perceived digestive and health benefits, with a strong presence in Australasia and growing exposure to international dairy and infant nutrition markets.
YTD Price Performance: -29.74%
Average Trading Volume: 469,647
Technical Sentiment Signal: Sell
Current Market Cap: N$5.44B
For detailed information about ATM stock, go to TipRanks’ Stock Analysis page.