M3-Brigade Acquisition V (NASDAQ:MBAV) Shares Down 0.2% – Should You Sell?

M3-Brigade Acquisition V Corp. (NASDAQ:MBAV) fell 0.2% on Tuesday . The company traded as low as $11.14 and last traded at $10.88. 237 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 242,727 shares. The stock had previously closed at $10.90.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MBAV. Wall Street Zen upgraded M3-Brigade Acquisition V to a “sell” rating in a report on Saturday, June 27th. Weiss Ratings restated a “sell (d)” rating on shares of M3-Brigade Acquisition V in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, M3-Brigade Acquisition V has an average rating of “Sell”.

M3-Brigade Acquisition V Price Performance

The stock’s 50 day moving average price is $10.81 and its two-hundred day moving average price is $10.76.

M3-Brigade Acquisition V (NASDAQ:MBAV) last posted its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On M3-Brigade Acquisition V

A number of hedge funds have recently bought and sold shares of the company. BCK Capital Management LP increased its stake in shares of M3-Brigade Acquisition V by 142.8% in the fourth quarter. BCK Capital Management LP now owns 388,000 shares of the company’s stock worth $4,124,000 after purchasing an additional 228,182 shares during the period. FNY Investment Advisers LLC lifted its position in shares of M3-Brigade Acquisition V by 0.8% during the 4th quarter. FNY Investment Advisers LLC now owns 159,700 shares of the company’s stock worth $1,697,000 after purchasing an additional 1,200 shares during the last quarter. Millennium Management LLC boosted its stake in M3-Brigade Acquisition V by 49.9% during the 3rd quarter. Millennium Management LLC now owns 150,000 shares of the company’s stock valued at $1,582,000 after purchasing an additional 49,946 shares during the period. Whitebox Advisors LLC boosted its stake in M3-Brigade Acquisition V by 18.2% during the 3rd quarter. Whitebox Advisors LLC now owns 130,000 shares of the company’s stock valued at $1,372,000 after purchasing an additional 20,000 shares during the period. Finally, JPMorgan Chase & Co. acquired a new stake in M3-Brigade Acquisition V in the 2nd quarter valued at approximately $900,000.

About M3-Brigade Acquisition V

M3-Brigade Acquisition V is a special purpose acquisition company (SPAC) sponsored by M3 Inc, a global healthcare information and technology provider, and Brigade Capital Management, an investment management firm. The company is structured as a blank‐check vehicle listed on the Nasdaq Stock Market under the ticker MBAV, with the objective of identifying and completing a business combination in the healthcare, life sciences or related sectors.

The company benefits from the operational expertise of M3’s digital health platform and real‐world data capabilities, combined with Brigade’s deep experience in credit and asset management.