225,000 Shares in NextGen Acquisition Co. (NASDAQ:NGAC) Acquired by Zimmer Partners LP

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.

Several research analysts have issued reports on NGAC shares. Colliers Securities reaffirmed a “buy” rating on shares of NextGen Acquisition in a report on Thursday, July 1st. DA Davidson started coverage on NextGen Acquisition in a report on Friday, July 16th. They issued a “buy” rating and a $19.00 price target on the stock. Finally, Benchmark started coverage on NextGen Acquisition in a report on Friday, June 11th. They issued a “buy” rating and a $22.00 price target on the stock.

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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Institutional Ownership by Quarter for NextGen Acquisition (NASDAQ:NGAC)

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