999,990 Shares in HCM Acquisition Corp $HCMA Purchased by Magnetar Financial LLC

Magnetar Financial LLC acquired a new position in HCM Acquisition Corp (NASDAQ:HCMA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 999,990 shares of the company’s stock, valued at approximately $10,060,000. Magnetar Financial LLC owned 7.07% of HCM Acquisition as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Highbridge Capital Management LLC acquired a new stake in HCM Acquisition in the third quarter worth about $10,100,000. Berkley W R Corp acquired a new stake in HCM Acquisition in the third quarter worth about $2,681,000. Clear Street Group Inc. acquired a new stake in HCM Acquisition in the third quarter worth about $2,736,000. Context Capital Management LLC acquired a new stake in HCM Acquisition in the third quarter worth about $5,052,000. Finally, Linden Advisors LP acquired a new stake in HCM Acquisition in the third quarter worth about $10,100,000. 11.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded HCM Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, HCM Acquisition currently has a consensus rating of “Sell”.

HCM Acquisition Stock Performance

HCM Acquisition stock opened at $10.28 on Wednesday. HCM Acquisition Corp has a 1 year low of $10.03 and a 1 year high of $10.49. The business has a 50-day moving average of $10.18 and a 200-day moving average of $10.14.

HCM Acquisition (NASDAQ:HCMA) last posted its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter.

HCM Acquisition Company Profile

HCM Acquisition Corp. is a Delaware‐incorporated special purpose acquisition company (SPAC) that was formed to identify and complete a business combination with one or more target businesses. The company raised capital through its initial public offering and is listed on the Nasdaq under the ticker HCMA. As a blank check vehicle, HCM Acquisition holds its funds in trust until it consummates a qualifying merger, share exchange, asset acquisition or other business combination.

The SPAC is sponsored by affiliates of Healthcare Capital Management LLC, a Los Angeles‐based investment firm with experience in healthcare and life sciences investing.