Cowen AND Company LLC Sells 183,635 Shares of Mountain & Co. I Acquisition Corp. (NASDAQ:MCAA)

Cowen AND Company LLC reduced its stake in shares of Mountain & Co. I Acquisition Corp. (NASDAQ:MCAA) by 40.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 274,485 shares of the company’s stock after selling 183,635 shares during the quarter. Cowen AND Company LLC owned about 1.94% of Mountain & Co. I Acquisition Corp. worth $3,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of MCAA. Berkley W R Corp grew its stake in Mountain & Co. I Acquisition Corp. by 111.0% during the first quarter. Berkley W R Corp now owns 1,147,721 shares of the company’s stock valued at $13,187,000 after acquiring an additional 603,686 shares in the last quarter. Mizuho Securities USA LLC grew its position in shares of Mountain & Co. I Acquisition Corp. by 3.0% during the fourth quarter. Mizuho Securities USA LLC now owns 829,044 shares of the company’s stock valued at $9,327,000 after purchasing an additional 24,044 shares in the last quarter. Quarry LP increased its holdings in shares of Mountain & Co. I Acquisition Corp. by 30.0% in the fourth quarter. Quarry LP now owns 520,000 shares of the company’s stock worth $5,876,000 after purchasing an additional 120,000 shares during the last quarter. K2 Principal Fund L.P. lifted its position in shares of Mountain & Co. I Acquisition Corp. by 82.8% in the first quarter. K2 Principal Fund L.P. now owns 180,680 shares of the company’s stock worth $2,076,000 after buying an additional 81,832 shares in the last quarter. Finally, Spartan Fund Management Inc. boosted its stake in Mountain & Co. I Acquisition Corp. by 132.9% during the second quarter. Spartan Fund Management Inc. now owns 147,934 shares of the company’s stock valued at $1,722,000 after buying an additional 84,408 shares during the last quarter. Institutional investors own 64.23% of the company’s stock.

Mountain & Co. I Acquisition Corp. Stock Performance

NASDAQ MCAA traded down $0.01 during trading on Monday, hitting $11.71. 600 shares of the stock traded hands, compared to its average volume of 74,269. Mountain & Co. I Acquisition Corp. has a 12-month low of $11.06 and a 12-month high of $11.74. The firm has a 50-day simple moving average of $11.67 and a 200-day simple moving average of $11.58.

Mountain & Co. I Acquisition Corp. Profile

Mountain & Co I Acquisition Corp. 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 or entities in consumer Internet and B2B digital infrastructure sectors.