Governors Lane LP bought a new position in Starboard Value Acquisition Corp. (NASDAQ:SVAC – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 500,779 shares of the company’s stock, valued at approximately $5,088,000. Governors Lane LP owned 0.99% of Starboard Value Acquisition at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of SVAC. Picton Mahoney Asset Management purchased a new stake in shares of Starboard Value Acquisition during the fourth quarter valued at approximately $10,360,000. Alberta Investment Management Corp purchased a new stake in Starboard Value Acquisition during the 4th quarter worth $10,150,000. Fort Baker Capital Management LP purchased a new stake in Starboard Value Acquisition during the 4th quarter worth $9,648,000. AQR Arbitrage LLC acquired a new position in Starboard Value Acquisition in the 4th quarter worth $9,481,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Starboard Value Acquisition in the 4th quarter worth $8,120,000.
Starboard Value Acquisition Trading Up 0.1%
NASDAQ:SVAC opened at $10.31 on Thursday. Starboard Value Acquisition Corp. has a one year low of $10.03 and a one year high of $12.00. The stock has a 50-day simple moving average of $10.43 and a 200 day simple moving average of $10.39.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded Starboard Value Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on Starboard Value Acquisition
About Starboard Value Acquisition
Starboard Value Acquisition Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in New York, New York.
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