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Sims Limited Announces Change in Substantial Holder’s Interest

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Sims Limited Announces Change in Substantial Holder’s Interest

Confident Investing Starts Here:

The latest announcement is out from Sims ( (AU:SGM) ).

Sims Limited has announced a change in the interests of a substantial holder, Allan Gray Australia Pty Ltd, which acts as an investment manager for various funds. The voting power of Allan Gray Australia has decreased from 16.49% to 15.28%, indicating a reduction in their stake in Sims Limited. This change may affect the company’s shareholder dynamics and could have implications for its governance and strategic decisions.

The most recent analyst rating on (AU:SGM) stock is a Sell with a A$10.70 price target. To see the full list of analyst forecasts on Sims stock, see the AU:SGM Stock Forecast page.

More about Sims

Average Trading Volume: 415,642

Technical Sentiment Signal: Buy

Current Market Cap: A$3.01B

For an in-depth examination of SGM stock, go to TipRanks’ Stock Analysis page.

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