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Institutional investors are the cornerstone of MJ Gleeson’s ownership structure, holding approximately 74% of the company’s shares. Harwood Capital LLP is at the forefront with an 11% stake. Other significant institutional shareholders include Schroder Investment Management Limited and BlackRock (NYSE:BLK), Inc., which hold 8.1% and 7.1% of the shares, respectively.
The influence of these large shareholders is notable, as their trading activities can significantly impact MJ Gleeson’s stock price. Despite this concentration of institutional ownership, other market participants maintain a meaningful role in the company’s governance. Insiders collectively own UK£12 million worth of MJ Gleeson stock, ensuring that their interests are closely aligned with those of the shareholders at large.
Furthermore, the general public holds an 18% shareholding in MJ Gleeson plc. This level of public investment provides a degree of balance to the company’s ownership, granting individual investors a substantial voice in corporate decisions.
The composition of MJ Gleeson’s shareholder base is indicative of a strong vote of confidence from both institutional entities and individual investors, underscoring the company’s potential for continued growth and its significance within the industry.
MJ Gleeson’s financial status and performance have been closely tracked by InvestingPro, providing a wealth of data and insights. Three key metrics stand out. Firstly, MJ Gleeson holds more cash than debt on its balance sheet, suggesting a strong financial position. Secondly, the company has seen a significant return over the past week, month, and three months. Lastly, despite some concerns about earnings quality, analysts predict the company will be profitable this year, reinforcing the market’s confidence.
Two InvestingPro Tips are particularly relevant. The company’s Relative Strength Index (RSI) suggests that the stock is currently in overbought territory, a potential signal for investors to exercise caution. Additionally, there are concerns about potential dividend cuts due to poor earnings and cash flow.
These insights are part of an array of 11 InvestingPro Tips available for MJ Gleeson, which are included in the InvestingPro subscription. It’s worth noting that InvestingPro is currently offering a special Black Friday sale, with discounts of up to 55%. This offer provides an excellent opportunity for investors to access valuable insights and data, enabling them to make more informed decisions.
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