Alberta Investment Management Corp Makes New Investment in Starboard Value Acquisition Corp. $SVAC

Alberta Investment Management Corp bought a new position in Starboard Value Acquisition Corp. (NASDAQ:SVAC) in the 4th quarter, Holdings Channel.com reports. The fund bought 1,000,000 shares of the company’s stock, valued at approximately $10,150,000.

A number of other institutional investors have also modified their holdings of SVAC. Clear Street Group Inc. acquired a new position in Starboard Value Acquisition in the fourth quarter worth about $73,000. HighTower Advisors LLC acquired a new stake in Starboard Value Acquisition during the fourth quarter valued at approximately $684,000. MYDA Advisors LLC acquired a new stake in Starboard Value Acquisition during the fourth quarter valued at approximately $723,000. Gritstone Asset Management LLC bought a new position in Starboard Value Acquisition during the 4th quarter worth approximately $1,015,000. Finally, DLD Asset Management LP acquired a new position in shares of Starboard Value Acquisition in the 4th quarter worth approximately $1,041,000.

Wall Street Analysts Forecast Growth

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

Starboard Value Acquisition Stock Down 0.3%

NASDAQ SVAC opened at $10.30 on Wednesday. Starboard Value Acquisition Corp. has a one year low of $10.03 and a one year high of $12.00. The company has a 50-day simple moving average of $10.43 and a 200-day simple moving average of $10.39.

Starboard Value Acquisition (NASDAQ:SVAC) last released its quarterly earnings data on Thursday, May 14th. The company reported ($13.80) earnings per share for the quarter.

About Starboard Value Acquisition

Starboard Value Acquisition Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in New York, New York.