Kensington Capital Acquisition Corp. V (NYSE:KCGI) Shares Sold by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. lessened its stake in Kensington Capital Acquisition Corp. V (NYSE:KCGI) by 64.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,229 shares of the company’s stock after selling 26,012 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Kensington Capital Acquisition Corp. V were worth $152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KCGI. Robinson Capital Management LLC purchased a new stake in shares of Kensington Capital Acquisition Corp. V in the third quarter valued at about $556,000. Meteora Capital LLC grew its holdings in Kensington Capital Acquisition Corp. V by 27.8% during the 3rd quarter. Meteora Capital LLC now owns 75,000 shares of the company’s stock worth $793,000 after acquiring an additional 16,328 shares in the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Kensington Capital Acquisition Corp. V in the 4th quarter valued at approximately $1,096,000.

Kensington Capital Acquisition Corp. V Price Performance

Shares of Kensington Capital Acquisition Corp. V stock traded up $0.03 during trading on Friday, hitting $10.94. 516 shares of the stock were exchanged, compared to its average volume of 10,602. The firm’s 50-day moving average price is $10.86 and its 200 day moving average price is $10.74. Kensington Capital Acquisition Corp. V has a 12-month low of $10.47 and a 12-month high of $11.05.

Kensington Capital Acquisition Corp. V Company Profile

Kensington Capital Acquisition Corp. V does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Kensington Capital Acquisition Corp. V was incorporated in 2021 and is based in Westbury, New York.