State or government are Jastrzebska Spólka Weglowa S.A.'s (WSE:JSW) biggest owners and were rewarded after market cap rose by zł238m last week

Key Insights

• Significant control over Jastrzebska Spólka Weglowa by state or government implies that the general public has more power to influence management and governance-related decisions
• The State Treasury of the Republic of Poland owns 55% of the company
• Institutions own 14% of Jastrzebska Spólka Weglowa

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A look at the shareholders of Jastrzebska Spólka Weglowa S.A. (WSE:JSW) can tell us which group is most powerful. The group holding the most number of shares in the company, around 55% to be precise, is state or government. Put another way, the group faces the maximum upside potential (or downside risk).

As a result, state or government were the biggest beneficiaries of last week’s 8.5% gain.

In the chart below, we zoom in on the different ownership groups of Jastrzebska Spólka Weglowa.

View our latest analysis for Jastrzebska Spólka Weglowa

What Does The Institutional Ownership Tell Us About Jastrzebska Spólka Weglowa?

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.

We can see that Jastrzebska Spólka Weglowa 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 Jastrzebska Spólka Weglowa's earnings history below. Of course, the future is what really matters.

We note that hedge funds don't have a meaningful investment in Jastrzebska Spólka Weglowa. The State Treasury of the Republic of Poland is currently the largest shareholder, with 55% of shares outstanding. This essentially means that they have extensive influence, if not outright control, over the future of the corporation. For context, the second largest shareholder holds about 5.0% of the shares outstanding, followed by an ownership of 1.7% by the third-largest shareholder.

While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.

Insider Ownership Of Jastrzebska Spólka Weglowa

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

Our information suggests that Jastrzebska Spólka Weglowa S.A. insiders own under 1% of the company. It has a market capitalization of just zł3.0b, and the board has only zł33k worth of shares in their own names. Many tend to prefer to see a board with bigger shareholdings. A good next step might be to take a look at this free summary of insider buying and selling.

General Public Ownership

The general public, who are usually individual investors, hold a 31% stake in Jastrzebska Spólka Weglowa. 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.

Next Steps:

It's always worth thinking about the different groups who own shares in a company. But to understand Jastrzebska Spólka Weglowa better, we need to consider many other factors. Case in point: We've spotted 1 warning sign for Jastrzebska Spólka Weglowa you should be aware of.

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.