Lineage Point Capital LP acquired a new position in shares of Berto Acquisition Corp. (NASDAQ:TACO – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 479,502 shares of the restaurant operator’s stock, valued at approximately $4,862,000. Berto Acquisition accounts for approximately 1.8% of Lineage Point Capital LP’s portfolio, making the stock its 14th largest position. Lineage Point Capital LP owned approximately 1.47% of Berto Acquisition as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TACO. Alpine Global Management LLC increased its stake in Berto Acquisition by 141.2% in the 4th quarter. Alpine Global Management LLC now owns 300,000 shares of the restaurant operator’s stock valued at $3,042,000 after purchasing an additional 175,597 shares in the last quarter. Readystate Asset Management LP purchased a new position in shares of Berto Acquisition during the 4th quarter worth $187,000. Rivernorth Capital Management LLC lifted its position in Berto Acquisition by 33.6% during the fourth quarter. Rivernorth Capital Management LLC now owns 173,906 shares of the restaurant operator’s stock worth $1,763,000 after buying an additional 43,750 shares during the period. Schonfeld Strategic Advisors LLC boosted its stake in Berto Acquisition by 96.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 109,400 shares of the restaurant operator’s stock worth $1,109,000 after buying an additional 53,831 shares during the last quarter. Finally, Cantor Fitzgerald L. P. acquired a new stake in Berto Acquisition in the 4th quarter worth about $4,466,000.
Berto Acquisition Stock Performance
Shares of TACO stock opened at $10.39 on Friday. The firm has a fifty day simple moving average of $10.37 and a 200-day simple moving average of $10.25. Berto Acquisition Corp. has a twelve month low of $10.11 and a twelve month high of $10.85.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Berto Acquisition in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.
Berto Acquisition Profile
Del Taco Restaurants, Inc develops, franchises, owns, and operates Del Taco quick-service Mexican-American restaurants in the United States. The company's restaurants offer Mexican inspired and American classic dishes. As of August 31, 2021, it operated approximately 600 restaurants across 16 states. The company was founded in 1964 and is headquartered in Lake Forest, California.
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