Westchester Capital Management LLC Has $1.12 Million Position in AI Transportation Acquisition Corp (NASDAQ:AITR)

Westchester Capital Management LLC decreased its holdings in shares of AI Transportation Acquisition Corp (NASDAQ:AITR) by 41.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 104,327 shares of the company’s stock after selling 73,173 shares during the quarter. Westchester Capital Management LLC owned about 1.33% of AI Transportation Acquisition worth $1,123,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in AITR. Yakira Capital Management Inc. bought a new position in AI Transportation Acquisition during the fourth quarter worth $376,000. Spartan Fund Management Inc. bought a new position in shares of AI Transportation Acquisition during the 4th quarter worth about $504,000. Wolverine Asset Management LLC increased its holdings in shares of AI Transportation Acquisition by 15.9% during the 4th quarter. Wolverine Asset Management LLC now owns 420,301 shares of the company’s stock worth $4,518,000 after purchasing an additional 57,631 shares during the period. Finally, Mizuho Securities USA LLC raised its position in shares of AI Transportation Acquisition by 142.4% during the fourth quarter. Mizuho Securities USA LLC now owns 556,500 shares of the company’s stock valued at $5,955,000 after buying an additional 326,883 shares during the last quarter. 81.89% of the stock is owned by institutional investors.

AI Transportation Acquisition Stock Performance

Shares of AITR opened at $11.00 on Friday. The stock’s 50-day moving average price is $10.96 and its 200 day moving average price is $10.78. AI Transportation Acquisition Corp has a 12-month low of $10.30 and a 12-month high of $11.02.

AI Transportation Acquisition Company Profile

AI Transportation Acquisition Corp does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on businesses in the transportation field, including logistics, new energy vehicles, smart parking, on-board chips and AI algorithms, automotive services, and related areas of intelligent transportation.