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Thorney Opportunities Increases Stake in Austin Engineering

Story Highlights
  • Austin Engineering’s substantial holder, Thorney Opportunities Ltd, increased its voting power.
  • The change in voting power may affect Austin Engineering’s shareholder dynamics.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Thorney Opportunities Increases Stake in Austin Engineering

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Austin Engineering ( (AU:ANG) ) just unveiled an announcement.

Austin Engineering Limited, a company listed on the ASX, has experienced a change in the interests of its substantial holder, Thorney Opportunities Ltd. The substantial holder’s voting power increased from 19.33% to 20.38% due to a series of market transactions involving the purchase and sale of ordinary shares. This change in voting power could potentially impact Austin Engineering’s shareholder dynamics and influence future company decisions.

The most recent analyst rating on (AU:ANG) stock is a Buy with a A$0.60 price target. To see the full list of analyst forecasts on Austin Engineering stock, see the AU:ANG Stock Forecast page.

More about Austin Engineering

Average Trading Volume: 1,448,611

Technical Sentiment Signal: Sell

Current Market Cap: A$220.3M

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

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