Hedge funds investors own a significant stake of 38% in Benitec Biopharma Inc. (NASDAQ:BNTC)
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Given the large stake in the stock by institutions, Benitec Biopharma’s stock price might be vulnerable to their trading decisions
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The top 3 shareholders own 56% of the company
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Analyst forecasts along with ownership data serve to give a strong idea about prospects for a business
If you want to know who really controls Benitec Biopharma Inc. (NASDAQ:BNTC), then you’ll have to look at the makeup of its share registry. And the group that holds the biggest piece of the pie are hedge funds with 38% ownership. Put another way, the group faces the maximum upside potential (or downside risk).
Given the vast amount of money and research capacities at their disposal, hedge funds ownership tends to carry a lot of weight, especially with individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute.
Let’s delve deeper into each type of owner of Benitec Biopharma, beginning with the chart below.
Check out our latest analysis for Benitec Biopharma
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it’s included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
We can see that Benitec Biopharma does have institutional investors; and they hold a good portion of the company’s stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. 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 Benitec Biopharma’s earnings history below. Of course, the future is what really matters.
It would appear that 38% of Benitec Biopharma shares are controlled by hedge funds. That catches my attention because hedge funds sometimes try to influence management, or bring about changes that will create near term value for shareholders. Our data shows that Suvretta Capital Management, LLC is the largest shareholder with 38% of shares outstanding. With 12% and 5.9% of the shares outstanding respectively, Janus Henderson Group plc and Steven Oliveira are the second and third largest shareholders.
After doing some more digging, we found that the top 3 shareholders collectively control more than half of the company’s shares, implying that they have considerable power to influence the company’s decisions.
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