750,000 Shares in LightWave Acquisition Corp. $LWAC Bought by Alberta Investment Management Corp

Alberta Investment Management Corp acquired a new position in shares of LightWave Acquisition Corp. (NASDAQ:LWAC) during the 4th quarter, Holdings Channel.com reports. The fund acquired 750,000 shares of the company’s stock, valued at approximately $7,538,000.

A number of other institutional investors also recently bought and sold shares of LWAC. AQR Arbitrage LLC acquired a new stake in shares of LightWave Acquisition during the third quarter worth about $13,958,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in LightWave Acquisition in the 3rd quarter valued at about $9,950,000. Linden Advisors LP acquired a new position in LightWave Acquisition in the 3rd quarter valued at about $9,472,000. Westchester Capital Management LLC purchased a new stake in LightWave Acquisition during the 4th quarter valued at approximately $8,240,000. Finally, Verition Fund Management LLC purchased a new stake in LightWave Acquisition during the 3rd quarter valued at approximately $7,390,000.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of LightWave Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

LightWave Acquisition Trading Up 0.1%

Shares of LWAC opened at $10.27 on Wednesday. LightWave Acquisition Corp. has a 52-week low of $9.81 and a 52-week high of $10.26. The company has a 50-day simple moving average of $10.20 and a 200-day simple moving average of $10.13.

LightWave Acquisition (NASDAQ:LWAC) last issued its earnings results on Friday, May 15th. The company reported $0.06 earnings per share for the quarter.

LightWave Acquisition Profile

Locust Walk Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Boston, Massachusetts.