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Own Lynas shares? So do these big institutional investors

Who really owns Lynas Rare Earths shares? Let’s find out…
The post Own Lynas shares? So do these big institutional investors appeared first on The Motley Fool Australia. –

What a journey the Lynas Rare Earths Ltd (ASX: LYC) share price has been on over the past few years. This was a company that was worth 80 cents a share five years ago. Today, Lynas shares are going for $9.39 at the time of writing after hitting a new all-time high of $11.59 last month. That puts the share price down around 8% year to date in 2022, but still up 76% over the past 12 months.

So if you still own Lynas shares, you most certainly aren’t alone. Much has been made of the company’s strategic position as the largest producer of rare earth minerals outside China. And that could be partly why some big institutional investors have been drawn into Lynas shares. Let’s check them out.

As it is obliged to do, Lynas lists its largest shareholders in its annual report. Unfortunately, Lynas’ last annual report was delivered back in September last year which is getting a bit far away now. But, still, let’s see what this report revealed about Lynas’ institutional ownership.

Largest investors in Lynas shares revealed

So Lynas’ 2021 annual report lists the company’s 20 largest shareholders. By far the largest of these was the bank HSBC, which owned almost 288 million shares, or 31.91% of the company’s total, as of the 2021 annual report. HSBC’s fellow bank JPMorgan was next with close to 114 million shares, or 12.64% of the total. Citicorp, another bank, had the bronze medal with 101.72 million shares (11.28%).

Other substantial Lynas shareholders included BNP Paribas, Merril Lynch, and Argo Investments Ltd (ASX: ARG). Lynas CEO Amanda Lacaze is the largest single investor, owning 2.63 million shares (0.29%) through a partnership.

So these institutional investors are some of the largest shareholders of Lynas Rare Earths. No doubt these investors would be basking in the afterglow of Lynas’ stellar past 12 months today.

At the current tLynas share price, this ASX rare earths producer has a market capitalisation of $8.44 billion.

The post Own Lynas shares? So do these big institutional investors appeared first on The Motley Fool Australia.

Should you invest $1,000 in Lynas Rare Earths right now?

Before you consider Lynas Rare Earths, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Lynas Rare Earths wasn’t one of them.

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*Returns as of January 13th 2022

More reading

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JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Sebastian Bowen has positions in JPMorgan Chase. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended HSBC Holdings. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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