
Billionaire Family's Ex-Goldman Banker Adds to UK Wealth Exits
Nasir Alsharif, the top executive at Sackville Capital and a founding member of the US bank's Dubai team, is now typically resident in his home nation of Saudi Arabia, according to registry filings. The 45-year-old previously lived in the UK for at least three years as he helped build up the firm, which oversees assets for a billionaire Saudi family and is focused on private market investments.
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BBB Foods Inc. (NYSE:TBBB) is favoured by institutional owners who hold 53% of the company
Key Insights Given the large stake in the stock by institutions, BBB Foods' stock price might be vulnerable to their trading decisions 52% of the business is held by the top 9 shareholders Insiders own 13% of BBB Foods This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Every investor in BBB Foods Inc. (NYSE:TBBB) should be aware of the most powerful shareholder groups. With 53% stake, institutions possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait. Let's take a closer look to see what the different types of shareholders can tell us about BBB Foods. View our latest analysis for BBB Foods What Does The Institutional Ownership Tell Us About BBB Foods? Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. As you can see, institutional investors have a fair amount of stake in BBB Foods. 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. 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 BBB Foods, (below). Of course, keep in mind that there are other factors to consider, too. Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Hedge funds don't have many shares in BBB Foods. Our data shows that Capital Research and Management Company is the largest shareholder with 12% of shares outstanding. For context, the second largest shareholder holds about 9.8% of the shares outstanding, followed by an ownership of 9.7% by the third-largest shareholder. Kamal Hatoum, who is the third-largest shareholder, also happens to hold the title of Chairman of the Board. We did some more digging and found that 9 of the top shareholders account for roughly 52% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat. 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 BBB Foods The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. 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 insiders maintain a significant holding in BBB Foods Inc.. It is very interesting to see that insiders have a meaningful US$381m stake in this US$2.9b business. It is good to see this level of investment. You can check here to see if those insiders have been buying recently. General Public Ownership With a 24% ownership, the general public, mostly comprising of individual investors, have some degree of sway over BBB Foods. 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 Equity Ownership With a stake of 9.8%, private equity firms could influence the BBB Foods board. Some might like this, because private equity are sometimes activists who hold management accountable. But other times, private equity is selling out, having taking the company public. Next Steps: While it is well worth considering the different groups that own a company, there are other factors that are even more important. I like to dive deeper into how a company has performed in the past. You can access this interactive graph of past earnings, revenue and cash flow, for free. 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. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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.
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