Public companies among Yurtec Corporation's (TSE:1934) largest shareholders, saw gain in holdings value after stock jumped 6.3% last week

Key Insights

• The considerable ownership by public companies in Yurtec indicates that they collectively have a greater say in management and business strategy
• The top 4 shareholders own 51% of the company
• 16% of Yurtec is held by Institutions

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If you want to know who really controls Yurtec Corporation (TSE:1934), 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 public companies with 40% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).

As a result, public companies collectively scored the highest last week as the company hit JP¥143b market cap following a 6.3% gain in the stock.

Let's take a closer look to see what the different types of shareholders can tell us about Yurtec.

See our latest analysis for Yurtec

What Does The Institutional Ownership Tell Us About Yurtec?

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 Yurtec. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Yurtec, (below). Of course, keep in mind that there are other factors to consider, too.

Yurtec is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is Tohoku Electric Power Company, Incorporated with 39% of shares outstanding. In comparison, the second and third largest shareholders hold about 7.6% and 2.0% of the stock.

Our research also brought to light the fact that roughly 51% of the company is controlled by the top 4 shareholders suggesting that these owners wield significant influence on the business.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is some analyst coverage of the stock, but it could still become more well known, with time.

Insider Ownership Of Yurtec

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. 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.

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.

Our data suggests that insiders own under 1% of Yurtec Corporation in their own names. It appears that the board holds about JP¥186m worth of stock. This compares to a market capitalization of JP¥143b. We generally like to see a board more invested. However it might be worth checking if those insiders have been buying.

General Public Ownership

With a 36% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Yurtec. 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.

Public Company Ownership

Public companies currently own 40% of Yurtec stock. This may be a strategic interest and the two companies may have related business interests. It could be that they have de-merged. This holding is probably worth investigating further.

Next Steps:

While it is well worth considering the different groups that own a company, there are other factors that are even more important. For example, we've discovered 1 warning sign for Yurtec that you should be aware of before investing here.

Ultimately the future is most important. You can access this free report on analyst forecasts for the company.

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.