L1 Global Manager Pty Ltd Invests $1.03 Million in Blue Water Acquisition Corp. III $BLUW

L1 Global Manager Pty Ltd purchased a new position in shares of Blue Water Acquisition Corp. III (NASDAQ:BLUW) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 100,000 shares of the company’s stock, valued at approximately $1,032,000.

A number of other hedge funds also recently modified their holdings of BLUW. MMCAP International Inc. SPC acquired a new stake in shares of Blue Water Acquisition Corp. III during the third quarter worth about $1,994,000. Picton Mahoney Asset Management acquired a new stake in shares of Blue Water Acquisition Corp. III during the third quarter worth about $4,990,000. Context Capital Management LLC acquired a new stake in shares of Blue Water Acquisition Corp. III during the third quarter worth about $498,000. ATW Spac Management LLC acquired a new stake in shares of Blue Water Acquisition Corp. III during the third quarter worth about $1,114,000. Finally, Crossingbridge Advisors LLC acquired a new stake in shares of Blue Water Acquisition Corp. III during the third quarter worth about $979,000.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BLUW. Weiss Ratings raised Blue Water Acquisition Corp. III from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, April 24th. Wall Street Zen raised Blue Water Acquisition Corp. III to a “hold” rating in a research report on Saturday, February 28th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Blue Water Acquisition Corp. III Stock Performance

Shares of NASDAQ BLUW opened at $10.31 on Friday. Blue Water Acquisition Corp. III has a 12 month low of $9.93 and a 12 month high of $10.41. The stock has a 50 day moving average of $10.27 and a 200-day moving average of $10.29.

Blue Water Acquisition Corp. III (NASDAQ:BLUW) last issued its earnings results on Tuesday, April 14th. The company reported ($0.03) EPS for the quarter.

About Blue Water Acquisition Corp. III

Blue Water 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. The company was incorporated in 2020 and is based in Greenwich, Connecticut.