Key Insights
A look at the shareholders of Zhejiang Tuna Environmental Science and Technology Co., Ltd. (SHSE:603177) can tell us which group is most powerful. The group with the largest shareholding in the company (about 49% to be exact) is private companies. In other words, this group faces the greatest upside potential (or downside risk).
Clearly, it is private companies that have benefited the most from the company’s market capitalization increasing by 240 million yuan last week.
Let’s take a closer look to see what the different types of shareholders can tell us about Zhejiang Tuna Environmental Science and Technology Co., Ltd.
Check out our latest analysis for Zhejiang Tuna Environmental Science and Technology Co., Ltd.
What does institutional ownership tell us about Zhejiang Tuna Environmental Science and Technology Co., Ltd?
Many institutions measure their performance against an index that approximates the local market, so they usually pay particular attention to companies that are included in major indexes.
Zhejiang Tuna Environmental Science and Technology Co., Ltd. already has institutions on the share registry. In fact, they own a significant amount of shares in the company. This may indicate that the company has some credibility in the investment community. However, it’s best to be careful about relying on the approval of institutional investors; they get it wrong sometimes too. It’s not uncommon to see a big drop in share price when two large institutional investors try to sell shares at the same time. It’s therefore worth looking at the past earnings trajectory of Zhejiang Tuna Environmental Science and Technology Co., Ltd. (below). Of course, remember that there are other factors to consider, too.
Zhejiang Tuna Environmental Science and Technology Co., Ltd. is not owned by hedge funds. The company’s largest shareholder is Zhejiang Denen Industry Holding Group Co., Ltd., owning 42%. Meng Jin and Hangzhou Zhanchuang Enterprise Management Partnership, holding 12% and 3.8% of the shares issued respectively, are the second and third largest shareholders.
What makes our research even more interesting is that we discovered that the top two shareholders hold majority ownership in the company, giving them enough power to influence the company’s decisions.
Researching institutional ownership is a good way to gauge and sift through a stock’s expected performance. The same can be achieved by studying analyst sentiment. As far as we can tell, there is no analyst coverage of the company, so it’s probably not attracting much attention.
Insider Ownership of Zhejiang Tuna Environmental Science and Technology Co., Ltd.
The definition of a company insider can be subjective and varies between jurisdictions. Our data reflects individual insiders, and includes, at a minimum, directors. Company management should report to the board of directors, which should represent the interests of shareholders. Notably, top-level management may themselves sit on the board.
Insider ownership can be a positive if it signals management are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company, which can be a negative in some circumstances.
It appears that insiders own a significant proportion of Zhejiang Tuna Environmental Science and Technology Co., Ltd. shares. The company has a market capitalization of just RMB2b, but insiders have RMB265m worth of shares in their own names. It’s great to see that insiders are so invested in the business, it might be worth checking if they have been buying recently.
General public property
The general public (including retail investors) own 28% of the company’s shares and cannot be easily ignored. While this size of ownership may not be enough to tilt policy decisions in their favor, they can still collectively influence corporate policy.
Private Ownership
Our data shows that private companies hold 49% of the company’s shares. It’s difficult to draw any conclusions from this fact alone, so it’s worth looking at who owns those private companies. In some cases, insiders or other parties have an interest in public company shares via a separate private company.
Next steps:
It’s always worth thinking about the different groups who own shares in a company. But to understand Zhejiang Tuna Environmental Science and Technology Co., Ltd better, there are many other factors to consider, for example: One warning sign for Zhejiang Tuna Environmental Science and Technology Co., Ltd. Something you should know.
If you want to check out another company that may be financially superior, don’t miss this one. free A list of interesting companies backed by strong financial data.
Note: The figures in this article are calculated using data from the last 12 months, which refers to the 12-month period ending on the last day of the month in which the financial statements are dated, which may not match the figures in the annual report.
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This article by Simply Wall St is general in nature. We use only unbiased methodologies to provide commentary based on historical data and analyst forecasts, and our articles are not intended as financial advice. It is not a recommendation to buy or sell stocks, and does not take into account your objectives, or your financial situation. We seek to provide long-term focused analysis driven by fundamental data. Note that our analysis may not take into account the latest price sensitive company announcements or qualitative material. Simply Wall St has no position in any of the stocks mentioned.