Institutional Ownership percentage, does it matter?

[Debaser82]

If you look at say the top 5 goldminers in the world...

AngloGold Ashanti has a 30% Institutional Ownership percentage.

Barrick has a 65% Institutional Ownership percentage.

Does this makes Barrick a 'safer' bet?

Or does it means Barrick is already saturated?

Thanks for any replies.

 

[nazzdack]

Quote from Debaser82:
.....'safer'....saturated?

1) "Low" institutional ownership is "better" during a bull market because institutions may eventually stampede into the stock at "higher" prices.
2) "High" institutional ownership is "worse" during a bear market because institutions, by law, may have to sell-out of the stock when it hits $10/share and $5/share bringing about a "large", expected, cascade of selling at those prices.