Context Capital Management LLC Takes Position in Harvard Ave Acquistion Corp $HAVA

Context Capital Management LLC purchased a new stake in shares of Harvard Ave Acquistion Corp (NASDAQ:HAVA) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 300,000 shares of the company’s stock, valued at approximately $2,979,000. Context Capital Management LLC owned approximately 1.45% of Harvard Ave Acquistion at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hudson Bay Capital Management LP purchased a new position in Harvard Ave Acquistion in the 4th quarter valued at about $7,462,000. Westchester Capital Management LLC acquired a new position in shares of Harvard Ave Acquistion in the fourth quarter worth about $1,972,000. Finally, Berkley W R Corp acquired a new position in shares of Harvard Ave Acquistion in the fourth quarter worth about $665,000.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Harvard Ave Acquistion from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Harvard Ave Acquistion currently has a consensus rating of “Sell”.

Harvard Ave Acquistion Price Performance

NASDAQ:HAVA opened at $10.07 on Friday. The company’s 50 day moving average is $10.06. Harvard Ave Acquistion Corp has a 52 week low of $9.87 and a 52 week high of $10.11.

About Harvard Ave Acquistion

Harvard Ave Acquisition (NASDAQ: HAVA) is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, reorganization or similar business combination. As with other blank-check companies, its primary corporate purpose prior to completing a business combination is to identify and negotiate a qualifying transaction that will result in an operating public company.

The company’s principal activities consist of sourcing potential targets, conducting due diligence, negotiating transaction terms, and, if approved by shareholders, completing a business combination.