Clear Street Group Inc. Lowers Holdings in Blue Water Acquisition Corp. III $BLUW

Clear Street Group Inc. trimmed its position in shares of Blue Water Acquisition Corp. III (NASDAQ:BLUW) by 86.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 79,027 shares of the company’s stock after selling 499,125 shares during the quarter. Clear Street Group Inc. owned about 0.28% of Blue Water Acquisition Corp. III worth $816,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BLUW. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Blue Water Acquisition Corp. III during the third quarter valued at approximately $399,000. Geode Capital Management LLC increased its holdings in shares of Blue Water Acquisition Corp. III by 193.0% in the 4th quarter. Geode Capital Management LLC now owns 61,427 shares of the company’s stock worth $634,000 after purchasing an additional 40,463 shares in the last quarter. Bulldog Investors LLP purchased a new position in shares of Blue Water Acquisition Corp. III in the third quarter worth $414,000. Context Capital Management LLC bought a new position in shares of Blue Water Acquisition Corp. III during the third quarter valued at $498,000. Finally, Crossingbridge Advisors LLC bought a new position in shares of Blue Water Acquisition Corp. III during the third quarter valued at $979,000.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Weiss Ratings raised Blue Water Acquisition Corp. III from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, April 24th. Wall Street Zen upgraded shares of Blue Water Acquisition Corp. III to a “hold” rating in a research note on Saturday, February 28th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Blue Water Acquisition Corp. III presently has an average rating of “Sell”.

Blue Water Acquisition Corp. III Stock Performance

Blue Water Acquisition Corp. III stock opened at $10.32 on Tuesday. Blue Water Acquisition Corp. III has a 52-week low of $9.93 and a 52-week high of $10.41. The business has a 50-day simple moving average of $10.27 and a two-hundred day simple moving average of $10.29.

Blue Water Acquisition Corp. III (NASDAQ:BLUW) last posted its quarterly earnings data on Tuesday, April 14th. The company reported ($0.03) earnings per share (EPS) for the quarter.

Blue Water Acquisition Corp. III Profile

Blue Water Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Greenwich, Connecticut.