300,000 Shares in Crown Reserve Acquisition Corp. I $CRAC Purchased by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. acquired a new stake in shares of Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 300,000 shares of the company’s stock, valued at approximately $2,982,000. Aristeia Capital L.L.C. owned 1.39% of Crown Reserve Acquisition Corp. I at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wolverine Asset Management LLC acquired a new position in Crown Reserve Acquisition Corp. I in the fourth quarter valued at approximately $928,000. Geode Capital Management LLC acquired a new stake in shares of Crown Reserve Acquisition Corp. I during the 4th quarter worth approximately $534,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Crown Reserve Acquisition Corp. I during the 4th quarter valued at approximately $3,043,000. Periscope Capital Inc. purchased a new position in shares of Crown Reserve Acquisition Corp. I during the 4th quarter valued at approximately $2,458,000. Finally, Crossingbridge Advisors LLC acquired a new position in shares of Crown Reserve Acquisition Corp. I in the 4th quarter valued at $5,973,000.

Crown Reserve Acquisition Corp. I Price Performance

Shares of NASDAQ CRAC opened at $10.12 on Thursday. Crown Reserve Acquisition Corp. I has a 12-month low of $9.89 and a 12-month high of $10.12. The company’s 50-day simple moving average is $10.08.

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) last issued its earnings results on Friday, May 15th. The company reported ($0.01) earnings per share for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Crown Reserve Acquisition Corp. I from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

About Crown Reserve Acquisition Corp. I

Crown Reserve Acquisition Corp. I (NASDAQ: CRAC) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank‑check vehicle, the company was formed to raise capital through a public offering with the primary aim of identifying, negotiating and completing a business combination with one or more operating businesses. Prior to consummation of a qualifying transaction, Crown Reserve Acquisition Corp. I does not engage in substantive commercial operations beyond the activities necessary to carry out its formation and capital‑raising objectives.

The company’s principal activities include managing proceeds raised in its initial public offering, maintaining those funds in trust accounts, conducting due diligence on prospective targets and pursuing mergers, acquisitions or other strategic combinations that would enable the combined entity to become an operating public company.