Berto Acquisition Corp. $TACO Stock: Context Capital Management LLC Lowers Holdings

Context Capital Management LLC lessened its holdings in Berto Acquisition Corp. (NASDAQ:TACO) by 37.5% during the third quarter, HoldingsChannel.com reports. The firm owned 250,000 shares of the restaurant operator’s stock after selling 150,000 shares during the period. Context Capital Management LLC’s holdings in Berto Acquisition were worth $2,618,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. SkyView Investment Advisors LLC bought a new position in Berto Acquisition during the second quarter worth about $4,549,000. StoneX Group Inc. acquired a new position in Berto Acquisition during the third quarter worth approximately $5,355,000. Governors Lane LP bought a new stake in Berto Acquisition in the second quarter valued at approximately $14,162,000. Berkley W R Corp raised its stake in Berto Acquisition by 77.9% in the first quarter. Berkley W R Corp now owns 1,822,598 shares of the restaurant operator’s stock valued at $18,682,000 after buying an additional 797,864 shares during the period. Finally, Sona Asset Management US LLC bought a new stake in Berto Acquisition in the first quarter valued at approximately $1,697,000.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Weiss Ratings raised shares of Berto Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, August 24th. Wall Street Zen downgraded Berto Acquisition from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Berto Acquisition Trading Down 0.1%

Shares of TACO stock opened at $10.51 on Wednesday. Berto Acquisition Corp. has a 1 year low of $10.11 and a 1 year high of $10.59. The stock has a 50 day simple moving average of $10.47 and a 200 day simple moving average of $10.38.

Berto Acquisition (NASDAQ:TACO) last posted its quarterly earnings data on Friday, August 14th. The restaurant operator reported $0.03 EPS for the quarter.

Berto Acquisition Company Profile

Berto Acquisition Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq Capital Market under the ticker symbol TACO. The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition or similar transaction, with an operating business. As a blank-check company, Berto Acquisition does not have an established operating business, product portfolio or customer-facing services of its own. Its activities primarily involve evaluating potential acquisition targets and pursuing the transaction and regulatory requirements associated with becoming a publicly traded operating company.