Stock Analysis

What Type Of Shareholders Own The Most Number of Thessaloniki Water Supply & Sewerage Co S.A. (ATH:EYAPS) Shares?

ATSE:EYAPS
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A look at the shareholders of Thessaloniki Water Supply & Sewerage Co S.A. (ATH:EYAPS) can tell us which group is most powerful. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. Companies that used to be publicly owned tend to have lower insider ownership.

Thessaloniki Water Supply & Sewerage Co is a smaller company with a market capitalization of €150m, so it may still be flying under the radar of many institutional investors. In the chart below, we can see that institutional investors have bought into the company. Let's take a closer look to see what the different types of shareholders can tell us about Thessaloniki Water Supply & Sewerage Co.

Check out our latest analysis for Thessaloniki Water Supply & Sewerage Co

ownership-breakdown
ATSE:EYAPS Ownership Breakdown February 5th 2021

What Does The Institutional Ownership Tell Us About Thessaloniki Water Supply & Sewerage Co?

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.

Thessaloniki Water Supply & Sewerage Co already has institutions on the share registry. Indeed, they own a respectable stake in the company. 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. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Thessaloniki Water Supply & Sewerage Co's historic earnings and revenue below, but keep in mind there's always more to the story.

earnings-and-revenue-growth
ATSE:EYAPS Earnings and Revenue Growth February 5th 2021

Hedge funds don't have many shares in Thessaloniki Water Supply & Sewerage Co. Hellenic Corporation of Assets & Participations S.A. is currently the company's largest shareholder with 50% of shares outstanding. This essentially means that they have extensive influence, if not outright control, over the future of the corporation. With 24% and 5.5% of the shares outstanding respectively, Hellenic Republic Asset Development Fund S.A. and Suez SA are the second and third largest shareholders.

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. We're not picking up on any analyst coverage of the stock at the moment, so the company is unlikely to be widely held.

Insider Ownership Of Thessaloniki Water Supply & Sewerage Co

The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. 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.

We note our data does not show any board members holding shares, personally. Not all jurisdictions have the same rules around disclosing insider ownership, and it is possible we have missed something, here. So you can click here learn more about the CEO.

General Public Ownership

The general public, with a 15% stake in the company, will not easily be ignored. 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 Company Ownership

Our data indicates that Private Companies hold 50%, of the company's shares. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research.

Public Company Ownership

It appears to us that public companies own 5.5% of Thessaloniki Water Supply & Sewerage Co. We can't be certain but it is quite possible this is a strategic stake. The businesses may be similar, or work together.

Next Steps:

It's always worth thinking about the different groups who own shares in a company. But to understand Thessaloniki Water Supply & Sewerage Co better, we need to consider many other factors. To that end, you should be aware of the 1 warning sign we've spotted with Thessaloniki Water Supply & Sewerage Co .

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

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. 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.
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