Sona Asset Management US LLC bought a new position in shares of Championsgate Acquisition Corp (NASDAQ:CHPG – Free Report) during the 1st quarter, Holdings Channel.com reports. The fund bought 362,528 shares of the company’s stock, valued at approximately $3,716,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in CHPG. ABC Arbitrage SA bought a new stake in shares of Championsgate Acquisition in the fourth quarter valued at approximately $255,000. HRT Financial LP acquired a new stake in Championsgate Acquisition during the fourth quarter worth approximately $447,000. L1 Global Manager Pty Ltd bought a new position in Championsgate Acquisition during the 4th quarter worth $459,000. Stoic Point Capital Management LLC bought a new position in Championsgate Acquisition during the 4th quarter worth $685,000. Finally, Quarry LP acquired a new position in Championsgate Acquisition in the 4th quarter valued at $815,000.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded Championsgate Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.
Championsgate Acquisition Stock Performance
CHPG stock opened at $10.41 on Monday. The firm has a 50-day moving average price of $10.38. Championsgate Acquisition Corp has a 12 month low of $10.00 and a 12 month high of $10.42.
Championsgate Acquisition (NASDAQ:CHPG – Get Free Report) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.06 earnings per share for the quarter. The firm had revenue of $0.68 million for the quarter.
About Championsgate Acquisition
Championsgate Acquisition (NASDAQ: CHPG) is a publicly traded special purpose acquisition company (SPAC) formed to raise capital and effect a business combination with one or more operational businesses. As a blank‑check acquisition vehicle, its primary corporate purpose is to identify, negotiate and complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination that would bring a private operating company into the public markets through the SPAC structure.
Like other SPACs, Championsgate Acquisition’s activities center on sourcing potential targets, conducting due diligence, structuring transaction terms and securing shareholder approval for proposed business combinations.
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