Crown Reserve Acquisition Corp. I $CRAC Stock Holdings Increased by Berkley W R Corp

Berkley W R Corp grew its stake in shares of Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) by 93.5% in the first quarter, Holdings Channel.com reports. The fund owned 451,723 shares of the company’s stock after buying an additional 218,227 shares during the quarter. Berkley W R Corp’s holdings in Crown Reserve Acquisition Corp. I were worth $4,522,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CRAC. Lineage Point Capital LP purchased a new stake in Crown Reserve Acquisition Corp. I during the fourth quarter valued at about $7,614,000. Boothbay Fund Management LLC purchased a new position in shares of Crown Reserve Acquisition Corp. I in the fourth quarter worth approximately $1,118,000. Aristeia Capital L.L.C. purchased a new position in shares of Crown Reserve Acquisition Corp. I in the fourth quarter worth approximately $2,982,000. Polar Asset Management Partners Inc. acquired a new stake in shares of Crown Reserve Acquisition Corp. I during the fourth quarter valued at approximately $14,811,000. Finally, Heights Capital Management Inc. acquired a new stake in shares of Crown Reserve Acquisition Corp. I during the fourth quarter valued at approximately $1,988,000.

Crown Reserve Acquisition Corp. I Price Performance

CRAC opened at $10.14 on Monday. The business’s 50-day moving average price is $10.11. Crown Reserve Acquisition Corp. I has a fifty-two week low of $9.89 and a fifty-two week high of $10.15.

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.01) EPS for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Crown Reserve Acquisition Corp. I from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Crown Reserve Acquisition Corp. I currently has an average rating of “Sell”.

About Crown Reserve Acquisition Corp. I

Crown Reserve Acquisition Corp. I (NASDAQ: CRAC) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank‑check vehicle, the company was formed to raise capital through a public offering with the primary aim of identifying, negotiating and completing a business combination with one or more operating businesses. Prior to consummation of a qualifying transaction, Crown Reserve Acquisition Corp. I does not engage in substantive commercial operations beyond the activities necessary to carry out its formation and capital‑raising objectives.

The company’s principal activities include managing proceeds raised in its initial public offering, maintaining those funds in trust accounts, conducting due diligence on prospective targets and pursuing mergers, acquisitions or other strategic combinations that would enable the combined entity to become an operating public company.