Clear Street Group Inc. decreased its holdings in shares of Blue Acquisition Corp/Cayman (NASDAQ:BACC – Free Report) by 45.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 195,488 shares of the company’s stock after selling 165,900 shares during the period. Clear Street Group Inc.’s holdings in Blue Acquisition Corp/Cayman were worth $1,996,000 at the end of the most recent quarter.
Separately, HRT Financial LP acquired a new stake in shares of Blue Acquisition Corp/Cayman during the fourth quarter worth about $318,000.
Blue Acquisition Corp/Cayman Price Performance
Shares of Blue Acquisition Corp/Cayman stock opened at $10.44 on Monday. Blue Acquisition Corp/Cayman has a 12-month low of $9.95 and a 12-month high of $10.50. The firm has a 50-day moving average of $10.35.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded shares of Blue Acquisition Corp/Cayman from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on Blue Acquisition Corp/Cayman
Blue Acquisition Corp/Cayman Profile
Blue Acquisition Corp/Cayman (NASDAQ: BACC) is a special purpose acquisition company (SPAC) organized as a Cayman Islands exempted company. As a blank-check vehicle, its primary business activity is to raise capital through its public listing and use those proceeds to identify, negotiate and complete a merger, acquisition, share exchange, asset acquisition, reorganization or similar business combination with one or more operating businesses.
Like other SPACs, Blue Acquisition typically holds the funds raised in trust pending the completion of a qualifying business combination and provides public investors with the opportunity to vote on proposed transactions and to seek redemption of their shares in accordance with the company’s governing documents.
See Also
- Five stocks we like better than Blue Acquisition Corp/Cayman
- 3 ETFs Giving Ready-Made Access to the Discounted International Small-Cap Space
- What to Expect From Q2 Earnings as Tech Strength Broadens
- Viasat’s Orbiting Profits: Space Force Jackpot?
- Robinhood Wants a Bigger Role in IPOs—Here’s Why It Matters
Want to see what other hedge funds are holding BACC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blue Acquisition Corp/Cayman (NASDAQ:BACC – Free Report).
Receive News & Ratings for Blue Acquisition Corp/Cayman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Acquisition Corp/Cayman and related companies with MarketBeat.com's FREE daily email newsletter.
