550,000 Shares in HCM Acquisition Corp $HCMA Acquired by Alberta Investment Management Corp

Alberta Investment Management Corp bought a new position in HCM Acquisition Corp (NASDAQ:HCMA) in the fourth quarter, Holdings Channel.com reports. The fund bought 550,000 shares of the company’s stock, valued at approximately $5,533,000.

Other hedge funds also recently modified their holdings of the company. Fort Baker Capital Management LP acquired a new position in shares of HCM Acquisition during the 3rd quarter valued at $101,000. DLD Asset Management LP acquired a new stake in shares of HCM Acquisition in the third quarter valued at $104,000. ABC Arbitrage SA acquired a new stake in shares of HCM Acquisition in the fourth quarter valued at $201,000. Millennium Management LLC bought a new position in HCM Acquisition during the third quarter valued at about $202,000. Finally, JPMorgan Chase & Co. bought a new position in HCM Acquisition during the third quarter valued at about $251,000. 11.79% of the stock is currently owned by institutional investors and hedge funds.

HCM Acquisition Price Performance

HCMA opened at $10.28 on Wednesday. The business has a fifty day simple moving average of $10.18 and a 200-day simple moving average of $10.14. HCM Acquisition Corp has a fifty-two week low of $10.03 and a fifty-two week high of $10.49.

HCM Acquisition (NASDAQ:HCMA) last announced its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of HCM Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

HCM Acquisition Company Profile

HCM Acquisition Corp. is a Delaware‐incorporated special purpose acquisition company (SPAC) that was formed to identify and complete a business combination with one or more target businesses. The company raised capital through its initial public offering and is listed on the Nasdaq under the ticker HCMA. As a blank check vehicle, HCM Acquisition holds its funds in trust until it consummates a qualifying merger, share exchange, asset acquisition or other business combination.

The SPAC is sponsored by affiliates of Healthcare Capital Management LLC, a Los Angeles‐based investment firm with experience in healthcare and life sciences investing.