BlueCrest Capital Management Ltd Invests $6.49 Million in ITHAX Acquisition Corp III $ITHA

BlueCrest Capital Management Ltd bought a new stake in ITHAX Acquisition Corp III (NASDAQ:ITHA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 650,000 shares of the company’s stock, valued at approximately $6,487,000. BlueCrest Capital Management Ltd owned about 2.44% of ITHAX Acquisition Corp III as of its most recent filing with the Securities and Exchange Commission.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded ITHAX Acquisition Corp III from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

ITHAX Acquisition Corp III Price Performance

Shares of ITHAX Acquisition Corp III stock opened at $10.05 on Thursday. ITHAX Acquisition Corp III has a 1 year low of $9.85 and a 1 year high of $10.09. The company’s fifty day moving average is $10.02 and its two-hundred day moving average is $9.96.

ITHAX Acquisition Corp III Profile

ITHAX Acquisition Corp III (NASDAQ: ITHA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check company, its primary purpose is to raise capital through a public offering and use the proceeds to identify, negotiate and complete a business combination with one or more operating companies. Like other SPACs, it does not conduct traditional operating activities prior to a qualifying merger.

The company’s core activities include sourcing potential target companies, conducting due diligence, structuring a merger or acquisition and securing shareholder approval for a proposed business combination.