Compass adds to a one-year loss of 56% for stockholders
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Compass adds to a one-year loss of 56% for stockholders
If you want to know who really controls Compass, Inc. (NYSE:COMP), 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 institutions with 38% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
And so it follows that institutional investors was the group most impacted after the company’s market cap fell to US$1.6b last week after a 17% drop in the share price. The recent loss, which adds to a one-year loss of 56% for stockholders, may not sit well with this group of investors. Also referred to as “smart money”, institutions have a lot of sway over how a stock’s price moves. As a result, if the decline continues, institutional investors may be pressured to sell Compass which might hurt individual investors.
Currently Compass Real Estate is unprofitable and is not forecast to be profitable for the next 3 years.
Source: Compass Real Estate stock losses mount
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