Zimmer Partners LP bought a new position in shares of NextGen Acquisition Co. (NASDAQ:NGAC) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 225,000 shares of the company’s stock, valued at approximately $2,232,000.
Other large investors have also recently made changes to their positions in the company. Janus Henderson Group PLC bought a new stake in NextGen Acquisition during the first quarter worth approximately $23,648,000. Greenlight Capital Inc. bought a new stake in NextGen Acquisition during the first quarter worth approximately $4,288,000. Alpha Paradigm Partners LLC bought a new stake in NextGen Acquisition during the first quarter worth approximately $1,617,000. Hsbc Holdings PLC bought a new position in shares of NextGen Acquisition in the fourth quarter valued at $4,060,000. Finally, Rockefeller Capital Management L.P. bought a new position in shares of NextGen Acquisition in the first quarter valued at $27,000. 50.84% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ NGAC remained flat at $$9.93 on Thursday. 5,000 shares of the company’s stock traded hands, compared to its average volume of 159,579. NextGen Acquisition Co. has a 12-month low of $9.70 and a 12-month high of $16.00. The company’s 50-day simple moving average is $9.92.
NextGen Acquisition Profile
NextGen Acquisition Corporation does not have significant operations. The company focuses on pursuing opportunities in industrial and healthcare sectors. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.
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