Context Capital Management LLC Acquires New Holdings in Centurion Acquisition Corp. $ALF

Context Capital Management LLC bought a new position in shares of Centurion Acquisition Corp. (NASDAQ:ALF) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 500,000 shares of the company’s stock, valued at approximately $5,410,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ALF. Berkley W R Corp lifted its stake in shares of Centurion Acquisition by 376.0% in the 1st quarter. Berkley W R Corp now owns 1,157,544 shares of the company’s stock valued at $12,455,000 after purchasing an additional 914,380 shares during the last quarter. Sona Asset Management US LLC purchased a new position in shares of Centurion Acquisition during the 1st quarter worth $1,092,000. Finally, Citadel Advisors LLC purchased a new position in shares of Centurion Acquisition during the 2nd quarter worth $130,000.

Centurion Acquisition Stock Performance

Shares of Centurion Acquisition stock opened at $10.85 on Wednesday. The business has a 50-day moving average of $10.84 and a 200 day moving average of $10.81. Centurion Acquisition Corp. has a 12 month low of $10.60 and a 12 month high of $10.99.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Centurion Acquisition from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Centurion Acquisition Company Profile

Centurion Acquisition Corp. (NASDAQ: ALF) was a special purpose acquisition company (SPAC), also known as a blank-check company. Its primary purpose was to raise capital through a public offering and use the proceeds to pursue a merger, acquisition, or similar business combination with an operating company. Unlike an operating company, Centurion Acquisition did not have an established portfolio of products or services, manufacturing operations, or a defined customer base. Its activities centered on evaluating potential acquisition targets, negotiating a transaction, and completing the related regulatory and shareholder approval processes.