Context Capital Management LLC acquired a new position in shares of Lake Superior Acquisition Corp (NASDAQ:LKSP – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 175,000 shares of the company’s stock, valued at approximately $1,794,000. Context Capital Management LLC owned approximately 0.90% of Lake Superior Acquisition at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of LKSP. Deltec Asset Management LLC bought a new stake in Lake Superior Acquisition during the third quarter valued at approximately $597,000. Robinson Capital Management LLC bought a new position in shares of Lake Superior Acquisition in the 2nd quarter worth $152,000. Rivernorth Capital Management LLC purchased a new stake in shares of Lake Superior Acquisition during the 1st quarter valued at $3,015,000. Finally, Sona Asset Management US LLC purchased a new stake in shares of Lake Superior Acquisition during the 1st quarter valued at $892,000.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded shares of Lake Superior Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has an average rating of “Sell”.
Get Our Latest Report on Lake Superior Acquisition
Lake Superior Acquisition Trading Up 0.1%
Shares of NASDAQ LKSP opened at $10.32 on Wednesday. Lake Superior Acquisition Corp has a one year low of $9.90 and a one year high of $10.33. The firm’s 50 day simple moving average is $10.26 and its two-hundred day simple moving average is $10.15.
Lake Superior Acquisition (NASDAQ:LKSP – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.05 earnings per share for the quarter.
About Lake Superior Acquisition
Lake Superior Acquisition Corp. (NASDAQ: LKSP) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. The company does not have significant operating activities of its own and was established to raise capital through the public markets for a potential merger, acquisition, or similar transaction. Lake Superior Acquisition’s management team evaluates potential target companies and may pursue a transaction in a range of industries or geographic markets, subject to the terms of its formation documents and applicable regulatory requirements.
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