Spheria Asset Management Reduces Stake in Universal Store Holdings

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Spheria Asset Management Reduces Stake in Universal Store Holdings

The latest announcement is out from Universal Store Holdings Ltd. ( (AU:UNI) ).

Spheria Asset Management Pty Ltd has reduced its substantial holding in Universal Store Holdings Ltd, as indicated by a decrease in voting power from 7.82% to 6.73%. This change, effective from January 31, 2025, may impact Universal Store’s market dynamics and stakeholder interests, reflecting a shift in institutional investment confidence.

More about Universal Store Holdings Ltd.

Universal Store Holdings Ltd. operates in the retail industry, focusing on providing fashion apparel and accessories primarily targeted towards a youthful demographic. The company is recognized for its diverse range of trendy clothing, footwear, and lifestyle products, catering to fashion-forward consumers.

YTD Price Performance: -0.70%

Average Trading Volume: 131,223

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$653.7M

For a thorough assessment of UNI stock, go to TipRanks’ Stock Analysis page.

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