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Milford Asset Management Reduces Stake in Spark New Zealand

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Milford Asset Management Reduces Stake in Spark New Zealand

An update from Spark New Zealand Limited ( (AU:SPK) ) is now available.

Milford Asset Management Limited has disclosed a reduction in its substantial holding of Spark New Zealand Limited’s ordinary shares. The asset manager’s stake decreased from 5.0814% to 4.924% due to on-market transactions involving the net sale of 2,902,710 units, amounting to $6,586,333. This change in holding reflects a strategic adjustment in Milford’s investment portfolio, potentially impacting Spark’s shareholder composition and market perception.

More about Spark New Zealand Limited

YTD Price Performance: -25.28%

Average Trading Volume: 2,289,860

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$3.69B

See more data about SPK stock on TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com

Questions or Comments about the article? Write to editor@tipranks.com
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