Blue Acquisition Corp/Cayman (NASDAQ:BACC – Get Free Report) was upgraded by analysts at Odean Cap Resea to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.
Separately, Weiss Ratings raised Blue Acquisition Corp/Cayman from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.
Read Our Latest Research Report on Blue Acquisition Corp/Cayman
Blue Acquisition Corp/Cayman Trading Down 0.4%
Blue Acquisition Corp/Cayman (NASDAQ:BACC – Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.07 earnings per share (EPS) for the quarter.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Lineage Point Capital LP purchased a new stake in Blue Acquisition Corp/Cayman in the fourth quarter valued at approximately $4,404,000. MYDA Advisors LLC purchased a new position in shares of Blue Acquisition Corp/Cayman in the 4th quarter worth $756,000. Alberta Investment Management Corp purchased a new position in shares of Blue Acquisition Corp/Cayman in the 4th quarter worth about $7,147,000. Governors Lane LP lifted its stake in shares of Blue Acquisition Corp/Cayman by 50.0% in the 4th quarter. Governors Lane LP now owns 300,000 shares of the company’s stock valued at $3,063,000 after purchasing an additional 100,000 shares in the last quarter. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. grew its holdings in shares of Blue Acquisition Corp/Cayman by 9.8% during the 4th quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 1,317,152 shares of the company’s stock worth $13,448,000 after purchasing an additional 117,152 shares during the period.
Blue Acquisition Corp/Cayman Company Profile
Blue Acquisition Corp/Cayman (NASDAQ: BACC) is a special purpose acquisition company (SPAC) organized as a Cayman Islands exempted company. As a blank-check vehicle, its primary business activity is to raise capital through its public listing and use those proceeds to identify, negotiate and complete a merger, acquisition, share exchange, asset acquisition, reorganization or similar business combination with one or more operating businesses.
Like other SPACs, Blue Acquisition typically holds the funds raised in trust pending the completion of a qualifying business combination and provides public investors with the opportunity to vote on proposed transactions and to seek redemption of their shares in accordance with the company’s governing documents.
Read More
- Five stocks we like better than Blue Acquisition Corp/Cayman
- Why WD-40 Is Proving Great Businesses Never Go Out of Style
- Pushing the Edge: Super Micro Computer Reboots the AI Landscape
- MarketBeat Week in Review – 07/06 – 07/10
- AeroVironment Flies Under Wall Street’s Radar Toward a $4 Billion Target
Receive News & Ratings for Blue Acquisition Corp/Cayman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Acquisition Corp/Cayman and related companies with MarketBeat.com's FREE daily email newsletter.
