Freedom Acquisition I Corp. $FACT Stake Lowered by Context Capital Management LLC

Context Capital Management LLC cut its stake in Freedom Acquisition I Corp. (NASDAQ:FACT) by 33.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 200,000 shares of the company’s stock after selling 100,000 shares during the quarter. Context Capital Management LLC’s holdings in Freedom Acquisition I were worth $2,100,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Clear Street Group Inc. boosted its position in Freedom Acquisition I by 52.6% during the fourth quarter. Clear Street Group Inc. now owns 67,306 shares of the company’s stock valued at $701,000 after purchasing an additional 23,209 shares during the last quarter. Moore Capital Management LP purchased a new position in Freedom Acquisition I in the second quarter valued at about $1,033,000. Sandia Investment Management LP acquired a new position in Freedom Acquisition I in the 2nd quarter worth about $1,287,000. Whitebox Advisors LLC acquired a new position in Freedom Acquisition I in the 2nd quarter worth about $2,572,000. Finally, Berkley W R Corp raised its stake in shares of Freedom Acquisition I by 14.7% during the 4th quarter. Berkley W R Corp now owns 285,082 shares of the company’s stock worth $2,968,000 after purchasing an additional 36,572 shares in the last quarter. 55.82% of the stock is currently owned by hedge funds and other institutional investors.

Freedom Acquisition I Price Performance

FACT stock opened at $10.63 on Monday. The firm has a 50 day moving average of $10.65 and a two-hundred day moving average of $10.55. Freedom Acquisition I Corp. has a 12 month low of $10.26 and a 12 month high of $10.75.

Freedom Acquisition I (NASDAQ:FACT) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.04 earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Freedom Acquisition I in a report on Monday, July 6th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Freedom Acquisition I presently has a consensus rating of “Sell”.

About Freedom Acquisition I

Freedom Acquisition I Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses. Freedom Acquisition I Corp. was incorporated in 2020 and is based in New York, New York.