186,875 Shares in Trailblazer Merger Corporation I $TBMC Bought by Clear Street Group Inc.

Clear Street Group Inc. bought a new stake in Trailblazer Merger Corporation I (NASDAQ:TBMC) during the third quarter, Holdings Channel reports. The fund bought 186,875 shares of the company’s stock, valued at approximately $2,183,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Shay Capital LLC grew its position in Trailblazer Merger Corporation I by 195.0% during the third quarter. Shay Capital LLC now owns 140,273 shares of the company’s stock valued at $1,639,000 after acquiring an additional 92,715 shares during the period. Clear Street LLC raised its holdings in shares of Trailblazer Merger Corporation I by 503.7% in the 2nd quarter. Clear Street LLC now owns 137,144 shares of the company’s stock worth $1,606,000 after purchasing an additional 114,426 shares during the period. Finally, TrueMark Investments LLC acquired a new position in shares of Trailblazer Merger Corporation I in the 3rd quarter valued at about $216,000. Hedge funds and other institutional investors own 77.13% of the company’s stock.

Trailblazer Merger Corporation I Price Performance

Shares of TBMC stock opened at $10.41 on Friday. The company’s fifty day simple moving average is $11.70 and its 200-day simple moving average is $11.80. Trailblazer Merger Corporation I has a 52 week low of $7.77 and a 52 week high of $14.91.

Trailblazer Merger Corporation I (NASDAQ:TBMC) last announced its quarterly earnings results on Monday, March 9th. The company reported $3.06 earnings per share for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Trailblazer Merger Corporation I in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Trailblazer Merger Corporation I Company Profile

Trailblazer Merger Corporation I is a blank-check company incorporated in Delaware and listed on the Nasdaq under the ticker TBMC. As a special purpose acquisition company (SPAC), it does not engage in commercial operations but was formed to raise capital through an initial public offering and to identify and complete a merger, acquisition or share exchange with one or more businesses.

The company’s primary objective is to target high-growth enterprises across sectors such as technology, healthcare and consumer products.