Private companies are Nexteer Automotive Group Limited's (HKG:1316) biggest owners and were rewarded after market cap rose by HK$3.0b last week

Simply Wall St.2023-11-24

Key Insights Nexteer Automotive Group's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public The top 2 shareholders own 65% ...

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With 44% stake, private companies possess the maximum shares in the company.   In other words, the group stands to gain the most (or lose the most) from their investment into the company.  As a result, private companies were the biggest beneficiaries of last week’s 28% gain.     In the chart below, we zoom in on the different ownership groups of Nexteer Automotive Group.  View our latest analysis for Nexteer Automotive Group SEHK:1316 Ownership Breakdown November 23rd 2023 What Does The Institutional Ownership Tell Us About Nexteer Automotive Group? Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.   Nexteer Automotive Group already has institutions on the share registry. Indeed, they own a respectable stake in the company.  This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does.  If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Nexteer Automotive Group's earnings history below. Of course, the future is what really matters. SEHK:1316 Earnings and Revenue Growth November 23rd 2023  We note that hedge funds don't have a meaningful investment in Nexteer Automotive Group.      Our data shows that Aviation Industry Corporation of China,Ltd. is the largest shareholder with 44% of shares outstanding.       For context, the second largest shareholder holds about 21% of the shares outstanding, followed by an ownership of 1.4% by the third-largest shareholder.     A more detailed study of the shareholder registry showed us that 2 of the top shareholders have a considerable amount of ownership in the company, via their 65% stake.    While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing.   There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.  Insider Ownership Of Nexteer Automotive Group The definition of an insider can differ slightly between different countries, but members of the board of directors always count.  The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.  Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.   We note our data does not show any board members holding shares, personally.   We do not see this low level of ownership often, and it is possible our data is imperfect. But shareholders can  click here to check if insiders have been selling stock.   General Public Ownership With a 22% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Nexteer Automotive Group.  While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.  Private Equity Ownership With an ownership of 21%, private equity firms are in a position to play a role in shaping corporate strategy with a focus on value creation.  Some investors might be encouraged by this, since private equity are sometimes able to encourage strategies that help the market see the value in the company. Alternatively, those holders might be exiting the investment after taking it public.   Private Company Ownership Our data indicates that Private Companies hold 44%, of the company's shares.   It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company.   Next Steps: It's always worth thinking about the different groups who own shares in a company. But to understand Nexteer Automotive Group better, we need to consider many other factors.   I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph.   Ultimately the future is most important. You can access this free report on analyst forecasts for the company.  NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.Valuation is complex, but we're helping make it simple.Find out whether Nexteer Automotive Group is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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