If you want to know who really controls MannKind Corporation (NASDAQ:MNKD), then you'll have to look at the makeup of its share registry. We can see that institutions own the lion's share in the company with 49% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
Institutional investors would appreciate the 6.4% increase in share prices last week, given their one-year returns have been disappointing at 20%.
Let's take a closer look to see what the different types of shareholders can tell us about MannKind.
See our latest analysis for MannKind
NasdaqGM:MNKD Ownership Breakdown September 14th 2022
What Does The Institutional Ownership Tell Us About MannKind?
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.
We can see that MannKind 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. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see MannKind's historic earnings and revenue below, but keep in mind there's always more to the story.
NasdaqGM:MNKD Earnings and Revenue Growth September 14th 2022
MannKind is not owned by hedge funds. Our data shows that BlackRock, Inc. is the largest shareholder with 8.3% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 5.0% and 4.9%, of the shares outstanding, respectively. Additionally, the company's CEO Michael Castagna directly holds 0.8% of the total shares outstanding.
On studying our ownership data, we found that 25 of the top shareholders collectively own less than 50% of the share register, implying that no single individual has a majority interest.
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 are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.
Insider Ownership Of MannKind
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. 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.
Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.
Our most recent data indicates that insiders own some shares in MannKind Corporation. It has a market capitalization of just US$980m, and insiders have US$14m worth of shares, in their own names. This shows at least some alignment. You can click here to see if those insiders have been buying or selling.
General Public Ownership
The general public-- including retail investors -- own 49% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
Next Steps:
It's always worth thinking about the different groups who own shares in a company. But to understand MannKind better, we need to consider many other factors. Take risks for example - MannKind has 2 warning signs (and 1 which shouldn't be ignored) we think you should know about.
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
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) simplywallst.com.
This 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.
如果你想知道谁真正控制着曼肯德公司(纳斯达克:MNKD),那么你就得看看它的股票登记簿的构成。我们可以看到,机构拥有该公司49%的所有权,拥有最大份额。换句话说,该集团将从他们对公司的投资中获得最大(或损失最大)。
机构投资者会欣赏上周6.4%的股价涨幅,因为他们的一年回报率一直令人失望,只有20%。
让我们仔细看看不同类型的股东能告诉我们关于MannKind的什么。
查看我们对MannKind的最新分析
NasdaqGM:MNKD所有权明细2022年9月14日
关于曼肯德,机构所有制告诉了我们什么?
机构通常在向自己的投资者报告时,以基准来衡量自己,因此一旦一只股票被纳入主要指数,它们往往会对这只股票变得更加热情。我们预计,大多数公司都会有一些机构登记在册,特别是在它们正在增长的情况下。
我们可以看到,MannKind确实有机构投资者;他们持有公司很大一部分股票。这意味着为这些机构工作的分析师已经看过了这只股票,他们喜欢它。但就像其他人一样,他们也可能错了。当多家机构持有一只股票时,它们总是面临“拥挤交易”的风险。当这样的交易出错时,多方可能会竞相快速抛售股票。在一家没有增长历史的公司,这一风险更高。你可以在下面看到MannKind的历史收益和收入,但请记住,故事中总是有更多的东西。
NasdaqGM:MNKD收益和收入增长2022年9月14日
MannKind并不为对冲基金所有。我们的数据显示,贝莱德股份有限公司是第一大股东,持有8.3%的流通股。与此同时,第二大和第三大股东分别持有5.0%和4.9%的流通股。此外,该公司首席执行官迈克尔·卡斯塔尼亚直接持有总流通股的0.8%。
在研究我们的所有权数据时,我们发现,25名大股东总共拥有不到50%的股份登记,这意味着没有一个人拥有多数股权。
研究机构持股是衡量和筛选股票预期表现的好方法。通过研究分析师的情绪,也可以达到同样的效果。有很多分析师在追踪这只股票,所以他们的预测可能也是值得的。
MannKind的内部人所有权
不同国家对内部人的定义可能略有不同,但董事会成员总是算数的。管理层最终要向董事会负责。然而,经理人担任执行董事会成员并不少见,尤其是如果他们是创始人或首席执行官的话。
内部人持股是积极的,当它标志着领导层像公司的真正所有者一样思考时。然而,高内部人持股也可以给公司内部的一个小团体带来巨大的权力。在某些情况下,这可能是负面的。
我们的最新数据显示,内部人士持有MannKind公司的部分股份。它的市值仅为9.8亿美元,内部人士以自己的名义持有价值1400万美元的股票。这至少表明了一些一致。你可以点击这里,看看这些内部人士是一直在买入还是卖出。
一般公有制
包括散户投资者在内的普通公众持有该公司49%的股份,因此不能轻易忽视。这种规模的所有权虽然可观,但如果决策与其他大股东不同步,可能不足以改变公司政策。
接下来的步骤:
拥有一家公司股票的不同集团总是值得考虑的。但为了更好地理解MannKind,我们需要考虑许多其他因素。以风险为例-MannKind有2个警告标志(还有一点不可忽视)我们认为你应该知道这一点。
如果你更愿意了解分析师对未来增长的预测,请不要错过这一预期免费关于分析师预测的报告。
注:本文中的数字是使用过去12个月的数据计算的,指的是截至财务报表日期的最后一个月的12个月期间。这可能与全年的年度报告数字不一致。
对这篇文章有什么反馈吗?担心内容吗? 保持联系直接与我们联系。或者,也可以给编辑组发电子邮件,地址是implywallst.com。
本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。