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Pinnacle Investment Acquires Significant Stake in Nine Entertainment

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Pinnacle Investment Acquires Significant Stake in Nine Entertainment

Elevate Your Investing Strategy:

Nine Entertainment Co. Holdings Limited ( (AU:NEC) ) has shared an announcement.

Pinnacle Investment Management Group Limited has become a substantial holder in Nine Entertainment Co. Holdings Limited, acquiring a 5.01% voting power through ordinary fully paid shares. This development signifies a notable shift in the shareholder structure, potentially impacting the company’s strategic decisions and market positioning.

The most recent analyst rating on (AU:NEC) stock is a Buy with a A$2.30 price target. To see the full list of analyst forecasts on Nine Entertainment Co. Holdings Limited stock, see the AU:NEC Stock Forecast page.

More about Nine Entertainment Co. Holdings Limited

Nine Entertainment Co. Holdings Limited is a prominent player in the media and entertainment industry, known for its diverse range of services including television broadcasting, digital media, and publishing. The company focuses on delivering high-quality content across various platforms to a broad audience in Australia.

Average Trading Volume: 7,366,757

Technical Sentiment Signal: Buy

Current Market Cap: A$2.55B

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

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