Sculptor Capital LP cut its stake in Inflection Point Acquisition Corp. III (NASDAQ:IPCX – Free Report) by 68.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 247,685 shares of the company’s stock after selling 527,315 shares during the period. Sculptor Capital LP’s holdings in Inflection Point Acquisition Corp. III were worth $2,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently bought and sold shares of IPCX. JPMorgan Chase & Co. bought a new stake in Inflection Point Acquisition Corp. III in the 3rd quarter valued at $16,747,000. MMCAP International Inc. SPC acquired a new position in shares of Inflection Point Acquisition Corp. III in the 3rd quarter valued at $14,098,000. Picton Mahoney Asset Management acquired a new position in shares of Inflection Point Acquisition Corp. III in the 3rd quarter valued at $7,552,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of Inflection Point Acquisition Corp. III in the 3rd quarter valued at $1,438,000. Finally, Gabelli Funds LLC acquired a new position in shares of Inflection Point Acquisition Corp. III in the 3rd quarter valued at $1,080,000.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Inflection Point Acquisition Corp. III in a research note on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Inflection Point Acquisition Corp. III Stock Performance
Shares of IPCX stock opened at $10.34 on Tuesday. Inflection Point Acquisition Corp. III has a 52-week low of $10.05 and a 52-week high of $10.35. The firm has a fifty day moving average of $10.29 and a 200-day moving average of $10.21.
Inflection Point Acquisition Corp. III (NASDAQ:IPCX – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.07 earnings per share (EPS) for the quarter.
About Inflection Point Acquisition Corp. III
Inflection Point Acquisition Corp. III (NASDAQ: IPCX) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, that is organized to raise capital through a public offering for the purpose of effecting a merger, acquisition, capital stock exchange, asset purchase, reorganization or similar business combination. As a SPAC, it does not operate a conventional operating business; instead, its principal objective is to identify and combine with one or more operating businesses that will become publicly listed through the transaction.
Like many SPACs, Inflection Point Acquisition Corp.
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