Aristeia Capital L.L.C. acquired a new position in StoneBridge Acquisition Co. (NASDAQ:APAC – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 200,000 shares of the company’s stock, valued at approximately $1,990,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. ABC Arbitrage SA purchased a new position in shares of StoneBridge Acquisition in the 4th quarter worth about $199,000. Westchester Capital Management LLC bought a new position in StoneBridge Acquisition during the 4th quarter valued at approximately $796,000. Berkley W R Corp bought a new position in StoneBridge Acquisition during the 4th quarter valued at approximately $1,128,000. Polar Asset Management Partners Inc. bought a new position in StoneBridge Acquisition during the 4th quarter valued at approximately $1,492,000. Finally, Radcliffe Capital Management L.P. purchased a new position in shares of StoneBridge Acquisition during the 4th quarter worth approximately $1,592,000. 19.18% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded StoneBridge Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.
StoneBridge Acquisition Stock Up 0.0%
Shares of APAC opened at $10.14 on Thursday. StoneBridge Acquisition Co. has a one year low of $9.87 and a one year high of $10.15. The business has a fifty day moving average of $10.09 and a 200 day moving average of $10.03.
StoneBridge Acquisition Company Profile
StoneBridge Acquisition Corporation does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar Business Combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.
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