Clear Street Group Inc. Invests $2.98 Million in Lake Superior Acquisition Corp $LKSP

Clear Street Group Inc. acquired a new position in shares of Lake Superior Acquisition Corp (NASDAQ:LKSP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 299,957 shares of the company’s stock, valued at approximately $2,976,000.

Other hedge funds have also modified their holdings of the company. Context Capital Management LLC purchased a new position in shares of Lake Superior Acquisition during the 4th quarter worth approximately $1,736,000. Westchester Capital Management LLC purchased a new position in shares of Lake Superior Acquisition during the 4th quarter worth approximately $1,988,000. Finally, Hudson Bay Capital Management LP acquired a new stake in Lake Superior Acquisition during the fourth quarter worth approximately $4,175,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Lake Superior Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Lake Superior Acquisition Trading Down 0.0%

Shares of NASDAQ LKSP opened at $10.14 on Monday. Lake Superior Acquisition Corp has a 1 year low of $9.89 and a 1 year high of $10.14. The stock’s 50 day moving average price is $10.10.

Lake Superior Acquisition (NASDAQ:LKSP) last announced its earnings results on Wednesday, May 13th. The company reported $0.04 earnings per share (EPS) for the quarter.

About Lake Superior Acquisition

Lake Superior Acquisition Corp. (NASDAQ: LKSP) is a special purpose acquisition company (SPAC) formed to identify, acquire or merge with one or more businesses. As a blank‑check vehicle, its principal purpose is to raise capital in the public markets and use those proceeds, typically held in trust, to complete a business combination that delivers an operating company to public investors.

The company’s primary activities center on sourcing, negotiating and consummating an initial business combination.