Charlton Aria Acquisition (NASDAQ:CHAR – Get Free Report) posted its earnings results on Wednesday. The company reported $0.06 EPS for the quarter, FiscalAI reports.
Charlton Aria Acquisition Stock Performance
Shares of NASDAQ CHAR opened at $10.59 on Thursday. The stock has a 50 day moving average price of $10.71. Charlton Aria Acquisition has a 52-week low of $10.25 and a 52-week high of $11.30.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Clear Street Group Inc. raised its holdings in Charlton Aria Acquisition by 277.6% during the fourth quarter. Clear Street Group Inc. now owns 116,977 shares of the company’s stock worth $1,222,000 after buying an additional 86,000 shares during the last quarter. Sona Asset Management US LLC acquired a new position in Charlton Aria Acquisition during the first quarter worth $1,058,000. Berkley W R Corp raised its holdings in Charlton Aria Acquisition by 19.4% during the first quarter. Berkley W R Corp now owns 878,975 shares of the company’s stock worth $9,304,000 after buying an additional 142,746 shares during the last quarter. Glazer Capital LLC raised its holdings in Charlton Aria Acquisition by 5.3% during the fourth quarter. Glazer Capital LLC now owns 50,242 shares of the company’s stock worth $526,000 after buying an additional 2,528 shares during the last quarter. Finally, ABC Arbitrage SA acquired a new position in Charlton Aria Acquisition during the fourth quarter worth $209,000.
Analysts Set New Price Targets
Get Our Latest Research Report on CHAR
Charlton Aria Acquisition Corp. (NASDAQ: CHAR) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank-check vehicle, its primary business purpose is to identify, negotiate and complete a business combination, merger, capital stock exchange, asset acquisition or similar transaction with one or more operating businesses. SPACs such as Charlton Aria raise capital through public offerings and seek to use those proceeds to acquire a private company and take it public through the combination.
Like other SPACs, Charlton Aria’s principal activities center on sourcing potential targets, conducting due diligence, negotiating transaction terms and securing shareholder and regulatory approvals for a proposed business combination.
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