Aristeia Capital L.L.C. Invests $1.99 Million in StoneBridge Acquisition Co. $APAC

Aristeia Capital L.L.C. acquired a new position in shares of StoneBridge Acquisition Co. (NASDAQ:APAC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 200,000 shares of the company’s stock, valued at approximately $1,990,000. Aristeia Capital L.L.C. owned about 2.48% of StoneBridge Acquisition at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in APAC. Wolverine Asset Management LLC acquired a new stake in StoneBridge Acquisition during the fourth quarter worth approximately $4,989,000. Glazer Capital LLC bought a new position in shares of StoneBridge Acquisition in the fourth quarter valued at approximately $4,051,000. Clear Street Group Inc. bought a new position in shares of StoneBridge Acquisition in the fourth quarter valued at approximately $3,216,000. AQR Arbitrage LLC bought a new position in shares of StoneBridge Acquisition in the fourth quarter valued at approximately $2,945,000. Finally, Verition Fund Management LLC bought a new position in shares of StoneBridge Acquisition in the fourth quarter valued at approximately $1,990,000. Institutional investors and hedge funds own 19.18% of the company’s stock.

StoneBridge Acquisition Trading Up 0.0%

Shares of NASDAQ APAC opened at $10.14 on Thursday. StoneBridge Acquisition Co. has a fifty-two week low of $9.87 and a fifty-two week high of $10.15. The stock has a fifty day moving average of $10.09 and a 200-day moving average of $10.03.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded StoneBridge Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report 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 a consensus rating of “Sell”.

StoneBridge Acquisition Company Profile

StoneBridge Acquisition Corporation does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar Business Combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.