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An update from Tabcorp Holdings Limited ( (AU:TAH) ) is now available.
Tabcorp has disclosed that global investment manager Vanguard Group has increased its relevant interest in the company to 138,212,274 ordinary shares, representing 6.029% of Tabcorp’s voting power. While this stake remains below the 10% voting power cap imposed by Tabcorp’s constitution and applicable wagering legislation, the disclosure underscores the ongoing regulatory constraints on significant shareholdings and highlights growing institutional interest in the company’s stock.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.20 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
More about Tabcorp Holdings Limited
Tabcorp Holdings Limited is an Australian gambling and entertainment company operating wagering and betting services, primarily through retail outlets and digital platforms. It focuses on the regulated gaming and wagering market in Australia, operating under specific legislative and constitutional shareholding and voting power restrictions.
Average Trading Volume: 7,994,087
Technical Sentiment Signal: Buy
Current Market Cap: A$2.67B
See more insights into TAH stock on TipRanks’ Stock Analysis page.