Clear Street Group Inc. Has $1.22 Million Holdings in Charlton Aria Acquisition Corp $CHAR

Clear Street Group Inc. raised its holdings in shares of Charlton Aria Acquisition Corp (NASDAQ:CHAR) by 277.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,977 shares of the company’s stock after buying an additional 86,000 shares during the quarter. Clear Street Group Inc.’s holdings in Charlton Aria Acquisition were worth $1,222,000 as of its most recent SEC filing.

Separately, ABC Arbitrage SA acquired a new position in shares of Charlton Aria Acquisition in the fourth quarter valued at $209,000.

Charlton Aria Acquisition Stock Performance

Shares of CHAR stock opened at $10.78 on Monday. The business’s fifty day simple moving average is $10.70. Charlton Aria Acquisition Corp has a 52 week low of $10.25 and a 52 week high of $11.30.

Charlton Aria Acquisition (NASDAQ:CHAR) last announced its earnings results on Wednesday, May 27th. The company reported $0.06 EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Charlton Aria Acquisition in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Charlton Aria Acquisition Corp. (NASDAQ: CHAR) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank-check vehicle, its primary business purpose is to identify, negotiate and complete a business combination, merger, capital stock exchange, asset acquisition or similar transaction with one or more operating businesses. SPACs such as Charlton Aria raise capital through public offerings and seek to use those proceeds to acquire a private company and take it public through the combination.

Like other SPACs, Charlton Aria’s principal activities center on sourcing potential targets, conducting due diligence, negotiating transaction terms and securing shareholder and regulatory approvals for a proposed business combination.