Context Capital Management LLC decreased its position in Miluna Acquisition Corp (NASDAQ:MMTX – Free Report) by 50.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,000 shares of the company’s stock after selling 100,000 shares during the period. Context Capital Management LLC owned about 1.13% of Miluna Acquisition worth $1,020,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in MMTX. Whitebox Advisors LLC purchased a new position in Miluna Acquisition during the first quarter worth about $4,004,000. Polar Asset Management Partners Inc. acquired a new stake in Miluna Acquisition in the first quarter valued at about $3,704,000. Finally, Sona Asset Management US LLC acquired a new stake in Miluna Acquisition in the first quarter valued at about $1,177,000.
Miluna Acquisition Price Performance
Shares of NASDAQ MMTX opened at $10.28 on Wednesday. The stock’s fifty day moving average is $10.23. The stock has a market cap of $90.75 million and a price-to-earnings ratio of 9,790.48. Miluna Acquisition Corp has a one year low of $9.88 and a one year high of $10.28.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised Miluna Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has a consensus rating of “Sell”.
View Our Latest Stock Report on MMTX
Miluna Acquisition Profile
Miluna Acquisition Corporation (NASDAQ: MMTX) is a special purpose acquisition company, or SPAC. Rather than operating a conventional business that sells products or services, the company was formed to pursue a merger, acquisition, or similar business combination with one or more operating companies. Miluna Acquisition’s activities are primarily focused on identifying and evaluating potential acquisition targets, negotiating transaction terms, and completing a business combination. Until such a transaction is completed, the company generally does not have significant operating activities, commercial products, or established geographic markets.
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