Park-Ohio Holdings Corp. (NASDAQ:PKOH) is largely controlled by institutional shareholders who own 53% of the company
Key Insights
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Institutions' substantial holdings in Park-Ohio Holdings implies that they have significant influence over the company's share price
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The top 4 shareholders own 50% of the company
If you want to know who really controls Park-Ohio Holdings Corp. (NASDAQ:PKOH), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 53% to be precise, is institutions. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute.
Let's take a closer look to see what the different types of shareholders can tell us about Park-Ohio Holdings.
Check out our latest analysis for Park-Ohio Holdings
What Does The Institutional Ownership Tell Us About Park-Ohio Holdings?
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.
We can see that Park-Ohio Holdings does have institutional investors; and they hold a good portion of the company's stock. 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. 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 Park-Ohio Holdings' earnings history below. Of course, the future is what really matters.
Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. We note that hedge funds don't have a meaningful investment in Park-Ohio Holdings. With a 23% stake, CEO Matthew Crawford is the largest shareholder. GAMCO Investors, Inc. is the second largest shareholder owning 12% of common stock, and Private Management Group Inc holds about 8.3% of the company stock.
Our research also brought to light the fact that roughly 50% of the company is controlled by the top 4 shareholders suggesting that these owners wield significant influence on the business.
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. There is some analyst coverage of the stock, but it could still become more well known, with time.