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Star Entertainment Group Announces Change in Substantial Shareholding

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Star Entertainment Group Announces Change in Substantial Shareholding

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The latest update is out from Star Entertainment Group Limited ( (AU:SGR) ).

The Star Entertainment Group Limited has announced a change in substantial shareholding, with Citigroup Global Markets Australia Pty Limited increasing its stake to 218,002,010 ordinary shares, representing 7.5994% of the company’s voting power. The company’s constitution and agreements with regulatory bodies impose restrictions on voting power exceeding 10%, allowing the company to refuse share transfers or require divestiture to maintain compliance.

The most recent analyst rating on (AU:SGR) stock is a Sell with a A$0.09 price target. To see the full list of analyst forecasts on Star Entertainment Group Limited stock, see the AU:SGR Stock Forecast page.

More about Star Entertainment Group Limited

The Star Entertainment Group Limited operates within the entertainment industry, focusing primarily on casino and gaming services. The company is involved in managing and developing integrated resorts and casinos, with a market focus on Australia.

Average Trading Volume: 13,204,559

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$315.3M

For detailed information about SGR stock, go to TipRanks’ Stock Analysis page.

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