Sona Asset Management US LLC bought a new stake in Cal Redwood Acquisition Corp. (NASDAQ:CRAQ – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 304,000 shares of the company’s stock, valued at approximately $3,086,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Verition Fund Management LLC boosted its stake in shares of Cal Redwood Acquisition by 1.6% in the 4th quarter. Verition Fund Management LLC now owns 978,322 shares of the company’s stock valued at $9,959,000 after purchasing an additional 15,265 shares during the last quarter. Millennium Management LLC raised its position in shares of Cal Redwood Acquisition by 15.5% during the fourth quarter. Millennium Management LLC now owns 808,737 shares of the company’s stock worth $8,201,000 after purchasing an additional 108,737 shares during the period. Westchester Capital Management LLC lifted its stake in Cal Redwood Acquisition by 30.0% in the fourth quarter. Westchester Capital Management LLC now owns 650,000 shares of the company’s stock valued at $6,617,000 after buying an additional 150,000 shares in the last quarter. Radcliffe Capital Management L.P. lifted its position in Cal Redwood Acquisition by 16.3% in the 4th quarter. Radcliffe Capital Management L.P. now owns 545,628 shares of the company’s stock valued at $5,524,000 after acquiring an additional 76,582 shares in the last quarter. Finally, Wealthspring Capital LLC boosted its position in shares of Cal Redwood Acquisition by 469.9% during the fourth quarter. Wealthspring Capital LLC now owns 441,520 shares of the company’s stock worth $4,459,000 after buying an additional 364,040 shares during the period.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cal Redwood Acquisition in a research report on Monday, July 6th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.
Cal Redwood Acquisition Price Performance
Shares of NASDAQ:CRAQ opened at $10.31 on Monday. The business’s fifty day moving average is $10.29. Cal Redwood Acquisition Corp. has a 52-week low of $9.94 and a 52-week high of $10.35.
Cal Redwood Acquisition (NASDAQ:CRAQ – Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.12 earnings per share for the quarter. The firm had revenue of $2.32 million for the quarter.
Cal Redwood Acquisition Company Profile
We are a blank check company incorporated on January 7, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.
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