Context Capital Management LLC Buys New Holdings in Highview Merger Corp. $HVMC

Context Capital Management LLC purchased a new position in Highview Merger Corp. (NASDAQ:HVMC – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 150,000 shares of the company’s stock, valued at approximately $1,544,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HVMC. Sona Asset Management US LLC purchased a new stake in shares of Highview Merger in the 1st quarter valued at approximately $1,569,000. Rivernorth Capital Management LLC purchased a new stake in shares of Highview Merger during the 1st quarter worth $2,068,000. Bulldog Investors LLP lifted its position in shares of Highview Merger by 36.9% during the 1st quarter. Bulldog Investors LLP now owns 219,965 shares of the company’s stock worth $2,211,000 after purchasing an additional 59,302 shares during the last quarter. Finally, Irenic Capital Management LP grew its stake in shares of Highview Merger by 50.0% during the first quarter. Irenic Capital Management LP now owns 450,000 shares of the company’s stock worth $4,522,000 after purchasing an additional 150,000 shares in the last quarter.

Highview Merger Trading Up 0.1%

HVMC opened at $10.31 on Wednesday. Highview Merger Corp. has a one year low of $9.99 and a one year high of $10.35. The business’s 50-day simple moving average is $10.29 and its 200-day simple moving average is $10.18.

Highview Merger (NASDAQ:HVMC – Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported $0.06 earnings per share for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Highview Merger from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has an average rating of “Sell”.

Get Our Latest Stock Analysis on HVMC

Highview Merger Profile

(Free Report)

Highview Merger is a special purpose acquisition company (SPAC) formed to pursue a merger, share exchange, asset acquisition or similar business combination with an operating company. Its core business is identifying and evaluating a potential transaction rather than manufacturing products or providing services directly.

Further Reading

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Institutional Ownership by Quarter for Highview Merger (NASDAQ:HVMC)

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