Aristeia Capital L.L.C. Takes $5.46 Million Position in Harvard Ave Acquistion Corp $HAVA

Aristeia Capital L.L.C. purchased a new stake in shares of Harvard Ave Acquistion Corp (NASDAQ:HAVA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 550,000 shares of the company’s stock, valued at approximately $5,462,000. Aristeia Capital L.L.C. owned approximately 2.66% of Harvard Ave Acquistion as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Radcliffe Capital Management L.P. bought a new stake in Harvard Ave Acquistion in the fourth quarter worth $5,462,000. Clear Street Group Inc. bought a new stake in Harvard Ave Acquistion during the fourth quarter valued at about $2,278,000. Context Capital Management LLC acquired a new position in shares of Harvard Ave Acquistion during the fourth quarter valued at about $2,979,000. Westchester Capital Management LLC acquired a new position in shares of Harvard Ave Acquistion during the fourth quarter valued at about $1,972,000. Finally, Berkley W R Corp acquired a new position in shares of Harvard Ave Acquistion during the fourth quarter valued at about $665,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Harvard Ave Acquistion from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Harvard Ave Acquistion Price Performance

Shares of Harvard Ave Acquistion stock opened at $10.10 on Thursday. The firm has a 50 day moving average of $10.07. Harvard Ave Acquistion Corp has a fifty-two week low of $9.87 and a fifty-two week high of $10.11.

Harvard Ave Acquistion Profile

Harvard Ave Acquisition (NASDAQ: HAVA) is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, reorganization or similar business combination. As with other blank-check companies, its primary corporate purpose prior to completing a business combination is to identify and negotiate a qualifying transaction that will result in an operating public company.

The company’s principal activities consist of sourcing potential targets, conducting due diligence, negotiating transaction terms, and, if approved by shareholders, completing a business combination.