Magnetar Financial LLC purchased a new stake in LightWave Acquisition Corp. (NASDAQ:LWAC – Free Report) during the fourth quarter, HoldingsChannel reports. The firm purchased 1,022,800 shares of the company’s stock, valued at approximately $10,279,000.
A number of other large investors have also added to or reduced their stakes in the business. Periscope Capital Inc. acquired a new position in LightWave Acquisition in the 4th quarter valued at $4,562,000. MMCAP International Inc. SPC acquired a new position in LightWave Acquisition in the 4th quarter valued at $2,508,000. L1 Global Manager Pty Ltd acquired a new position in LightWave Acquisition in the 4th quarter valued at $752,000. Mint Tower Capital Management B.V. acquired a new position in LightWave Acquisition in the 4th quarter valued at $2,006,000. Finally, Alberta Investment Management Corp acquired a new position in LightWave Acquisition in the 4th quarter valued at $7,538,000.
Analyst Ratings Changes
Separately, Weiss Ratings raised LightWave Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.
LightWave Acquisition Stock Up 0.1%
Shares of NASDAQ LWAC opened at $10.27 on Wednesday. The stock’s fifty day moving average price is $10.20 and its two-hundred day moving average price is $10.13. LightWave Acquisition Corp. has a one year low of $9.81 and a one year high of $10.26.
LightWave Acquisition (NASDAQ:LWAC – Get Free Report) last issued its quarterly earnings data on Friday, May 15th. The company reported $0.06 EPS for the quarter.
LightWave Acquisition Profile
Locust Walk Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Boston, Massachusetts.
Featured Stories
- Five stocks we like better than LightWave Acquisition
- Gravity Check: Houston, SpaceX Has a Valuation Problem
- Strategy’s Bitcoin Rally Has a Hidden Engine
- Okta’s AI Moment May Be Bigger Than Investors Realize
- 3 Rate-Ready Stocks for the New Fed Chair’s First Big Test
Want to see what other hedge funds are holding LWAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LightWave Acquisition Corp. (NASDAQ:LWAC – Free Report).
Receive News & Ratings for LightWave Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LightWave Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.
