Commonwealth of Pennsylvania Public School Empls Retrmt SYS Takes $2.01 Million Position in HCM Acquisition Corp $HCMA

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in HCM Acquisition Corp (NASDAQ:HCMA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 199,998 shares of the company’s stock, valued at approximately $2,008,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 1.41% of HCM Acquisition as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Fort Baker Capital Management LP bought a new stake in HCM Acquisition in the 3rd quarter valued at approximately $101,000. DLD Asset Management LP bought a new stake in HCM Acquisition in the 3rd quarter valued at approximately $104,000. ABC Arbitrage SA bought a new stake in HCM Acquisition in the 4th quarter valued at approximately $201,000. Millennium Management LLC bought a new stake in HCM Acquisition in the 3rd quarter valued at approximately $202,000. Finally, JPMorgan Chase & Co. bought a new stake in HCM Acquisition in the 3rd quarter valued at approximately $251,000. Institutional investors own 11.79% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded HCM Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, HCM Acquisition presently has an average rating of “Sell”.

HCM Acquisition Stock Up 0.0%

NASDAQ:HCMA opened at $10.26 on Friday. HCM Acquisition Corp has a twelve month low of $10.03 and a twelve month high of $10.49. The stock’s 50 day moving average price is $10.15 and its two-hundred day moving average price is $10.13.

HCM Acquisition (NASDAQ:HCMA) last issued its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter.

About HCM Acquisition

HCM Acquisition Corp. is a Delaware‐incorporated special purpose acquisition company (SPAC) that was formed to identify and complete a business combination with one or more target businesses. The company raised capital through its initial public offering and is listed on the Nasdaq under the ticker HCMA. As a blank check vehicle, HCM Acquisition holds its funds in trust until it consummates a qualifying merger, share exchange, asset acquisition or other business combination.

The SPAC is sponsored by affiliates of Healthcare Capital Management LLC, a Los Angeles‐based investment firm with experience in healthcare and life sciences investing.