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Southern Cross Media Group Limited ( (AU:SXL) ) has shared an announcement.
Ubique Asset Management Pty Ltd has reduced its stake in Southern Cross Media Group Limited from 9.75% to 7.17%, according to a recent change in substantial holding notice. This reduction in voting power, achieved through on-market trading and client transfers, may impact the company’s shareholder dynamics and influence within the media industry.
The most recent analyst rating on (AU:SXL) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on Southern Cross Media Group Limited stock, see the AU:SXL Stock Forecast page.
More about Southern Cross Media Group Limited
Southern Cross Media Group Limited operates in the media industry, focusing primarily on radio broadcasting and digital media services. The company serves a diverse market with a range of audio and visual content, catering to a broad audience across various platforms.
YTD Price Performance: 18.33%
Average Trading Volume: 287,931
Technical Sentiment Signal: Sell
Current Market Cap: A$170.3M
See more data about SXL stock on TipRanks’ Stock Analysis page.