SkyView Investment Advisors LLC bought a new stake in Freedom Acquisition I Corp. (NASDAQ:FACT – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 50,000 shares of the company’s stock, valued at approximately $532,000. SkyView Investment Advisors LLC owned 0.25% of Freedom Acquisition I at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Citadel Advisors LLC acquired a new stake in Freedom Acquisition I during the 2nd quarter worth $204,000. Berkley W R Corp raised its holdings in shares of Freedom Acquisition I by 14.2% in the first quarter. Berkley W R Corp now owns 325,445 shares of the company’s stock valued at $3,417,000 after buying an additional 40,363 shares during the last quarter. Rangeley Capital LLC acquired a new stake in shares of Freedom Acquisition I during the first quarter worth about $163,000. Radcliffe Capital Management L.P. boosted its stake in shares of Freedom Acquisition I by 4.7% during the fourth quarter. Radcliffe Capital Management L.P. now owns 523,289 shares of the company’s stock worth $5,447,000 after buying an additional 23,289 shares during the period. Finally, Clear Street Group Inc. boosted its stake in shares of Freedom Acquisition I by 52.6% during the fourth quarter. Clear Street Group Inc. now owns 67,306 shares of the company’s stock worth $701,000 after buying an additional 23,209 shares during the period. Hedge funds and other institutional investors own 55.82% of the company’s stock.
Freedom Acquisition I Price Performance
Shares of NASDAQ FACT opened at $10.72 on Tuesday. The stock has a fifty day moving average price of $10.67 and a 200 day moving average price of $10.61. Freedom Acquisition I Corp. has a 1-year low of $10.28 and a 1-year high of $10.75.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded Freedom Acquisition I from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.
View Our Latest Stock Analysis on FACT
About Freedom Acquisition I
Freedom Acquisition I Corp. was a special purpose acquisition company (SPAC) formed to identify and combine with a business in the technology, media, telecommunications, or related sectors. As a blank-check company, it did not operate a commercial business or offer products and services of its own before completing a business combination.
The company announced a merger with Complete Solaria, Inc, a provider of residential solar services. Complete Solaria offers solar system design and installation, financing solutions, battery storage, and related software and customer services.
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