Stock Analysis

Alain Rauscher Antin Infrastructure Partners SAS' (EPA:ANTIN) CEO is the most bullish insider, and their stock value gained 4.5%last week

ENXTPA:ANTIN
Source: Shutterstock

Key Insights

  • Insiders appear to have a vested interest in Antin Infrastructure Partners SAS' growth, as seen by their sizeable ownership
  • 54% of the business is held by the top 3 shareholders
  • Ownership research along with analyst forecasts data help provide a good understanding of opportunities in a stock

To get a sense of who is truly in control of Antin Infrastructure Partners SAS (EPA:ANTIN), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 66% to be precise, is individual insiders. In other words, the group stands to gain the most (or lose the most) from their investment into the company.

Clearly, insiders benefitted the most after the company's market cap rose by €131m last week.

In the chart below, we zoom in on the different ownership groups of Antin Infrastructure Partners SAS.

View our latest analysis for Antin Infrastructure Partners SAS

ownership-breakdown
ENXTPA:ANTIN Ownership Breakdown February 20th 2024

What Does The Institutional Ownership Tell Us About Antin Infrastructure Partners SAS?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

As you can see, institutional investors have a fair amount of stake in Antin Infrastructure Partners SAS. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. 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 Antin Infrastructure Partners SAS' earnings history below. Of course, the future is what really matters.

earnings-and-revenue-growth
ENXTPA:ANTIN Earnings and Revenue Growth February 20th 2024

Hedge funds don't have many shares in Antin Infrastructure Partners SAS. The company's CEO Alain Rauscher is the largest shareholder with 30% of shares outstanding. Mark Crosbie is the second largest shareholder owning 17% of common stock, and Mélanie Biessy holds about 6.6% of the company stock. Interestingly, the second and third-largest shareholders also happen to be the Top Key Executive and Member of the Board of Directors, respectively. This once again signifies considerable insider ownership amongst the company's top 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.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.

Insider Ownership Of Antin Infrastructure Partners SAS

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

It seems that insiders own more than half the Antin Infrastructure Partners SAS stock. This gives them a lot of power. Given it has a market cap of €3.0b, that means insiders have a whopping €2.0b worth of shares in their own names. It is good to see this level of investment. You can check here to see if those insiders have been selling any of their shares.

General Public Ownership

The general public-- including retail investors -- own 25% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.

Next Steps:

While it is well worth considering the different groups that own a company, there are other factors that are even more important. To that end, you should learn about the 3 warning signs we've spotted with Antin Infrastructure Partners SAS (including 1 which is a bit concerning) .

But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.

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.

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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. Simply Wall St has no position in any stocks mentioned.