---
title: "FirstCape Group Builds 5% Stake in Sky Network Television"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292148146.md"
description: "FirstCape Group has acquired a 5.09% stake in Sky Network Television (NZ:SKT), holding 7,002,152 shares through subsidiaries Harbour Asset Management, BNZ Investment Services, and JBWere (NZ). This disclosure highlights growing institutional ownership and active portfolio rebalancing among New Zealand asset managers. While the move signals confidence in Sky's market position, current analyst ratings remain negative with a 'Sell' recommendation and a price target of N$2.50."
datetime: "2026-07-09T04:47:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292148146.md)
  - [en](https://longbridge.com/en/news/292148146.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292148146.md)
---

# FirstCape Group Builds 5% Stake in Sky Network Television

The latest announcement is out from SKY Network Television ( (NZ:SKT) ).

FirstCape Group Limited has disclosed that it has become a substantial product holder in Sky Network Television, accumulating 7,002,152 ordinary shares, representing about 5.09% of Sky’s voting stock. The holding is primarily held through subsidiaries Harbour Asset Management, BNZ Investment Services and JBWere (NZ), highlighting growing institutional ownership in Sky following a series of on-market trades and off-market transfers since March 2026.

Harbour Asset Management, which manages funds under trust deeds and investment mandates, accounts for the largest portion of the stake, while BNZ Investment Services and JBWere (NZ) contribute additional holdings under their own mandates. The disclosure underscores active portfolio rebalancing among New Zealand asset managers and signals continued institutional confidence in Sky’s prospects, a development that existing shareholders and governance observers may see as supportive of the broadcaster’s market position.

The most recent analyst rating on (NZ:SKT) stock is a Sell  
with a N$2.50 price target.  
To see the full list of analyst forecasts on SKY Network Television stock,  
see the NZ:SKT Stock Forecast page.

**More about SKY Network Television**

Sky Network Television is a New Zealand-based pay television and media company listed on the NZX, providing subscription TV services and related content offerings to domestic viewers. Its shareholder base includes institutional investors and asset managers, reflecting ongoing interest in the country’s media and entertainment sector.

**Average Trading Volume:** 157,500

**Technical Sentiment Signal:** Buy

**Current Market Cap:** N$457.1M

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