Periscope Capital Inc. purchased a new position in LightWave Acquisition Corp. (NASDAQ:LWAC – Free Report) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 454,400 shares of the company’s stock, valued at approximately $4,562,000. LightWave Acquisition comprises approximately 0.5% of Periscope Capital Inc.’s holdings, making the stock its 25th largest holding.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. AQR Arbitrage LLC bought a new position in LightWave Acquisition in the third quarter worth approximately $13,958,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in LightWave Acquisition in the third quarter worth approximately $9,950,000. Linden Advisors LP bought a new position in LightWave Acquisition in the third quarter worth approximately $9,472,000. Verition Fund Management LLC bought a new position in LightWave Acquisition in the third quarter worth approximately $7,390,000. Finally, Two Sigma Investments LP bought a new position in LightWave Acquisition in the third quarter worth approximately $6,763,000.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded LightWave Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
LightWave Acquisition Price Performance
Shares of LightWave Acquisition stock opened at $10.20 on Friday. LightWave Acquisition Corp. has a 52 week low of $9.81 and a 52 week high of $10.21. The business has a 50 day moving average price of $10.18 and a 200-day moving average price of $10.11.
LightWave Acquisition (NASDAQ:LWAC – Get Free Report) last issued its quarterly earnings data on Friday, May 15th. The company reported $0.06 EPS for the quarter.
LightWave Acquisition Profile
Locust Walk Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Boston, Massachusetts.
Recommended Stories
- Five stocks we like better than LightWave Acquisition
- Costco’s Strong Quarter Still Leaves Investors With a Valuation Problem
- These 3 Software Stocks Are Buying Back Shares Hand Over Fist
- Gap Inc. Cuts Sales Outlook After Q1 Miss, Shares Drop 17%
- MongoDB’s AI Advantage Is Starting to Show Up in Results
Want to see what other hedge funds are holding LWAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LightWave Acquisition Corp. (NASDAQ:LWAC – Free Report).
Receive News & Ratings for LightWave Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LightWave Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.
