100,000 Shares in Charlton Aria Acquisition Corp $CHAR Purchased by Sona Asset Management US LLC

Sona Asset Management US LLC purchased a new stake in shares of Charlton Aria Acquisition Corp (NASDAQ:CHAR) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $1,058,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Berkley W R Corp lifted its stake in Charlton Aria Acquisition by 19.4% in the first quarter. Berkley W R Corp now owns 878,975 shares of the company’s stock worth $9,304,000 after purchasing an additional 142,746 shares during the last quarter. Clear Street Group Inc. raised its holdings in shares of Charlton Aria Acquisition by 277.6% in the fourth quarter. Clear Street Group Inc. now owns 116,977 shares of the company’s stock worth $1,222,000 after buying an additional 86,000 shares during the period. Glazer Capital LLC lifted its stake in shares of Charlton Aria Acquisition by 5.3% during the 4th quarter. Glazer Capital LLC now owns 50,242 shares of the company’s stock worth $526,000 after acquiring an additional 2,528 shares during the last quarter. Finally, ABC Arbitrage SA purchased a new position in Charlton Aria Acquisition during the 4th quarter valued at $209,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Charlton Aria Acquisition in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Charlton Aria Acquisition Stock Performance

Shares of CHAR stock opened at $10.88 on Monday. The stock has a 50-day moving average of $10.79. Charlton Aria Acquisition Corp has a one year low of $10.29 and a one year high of $11.30.

Charlton Aria Acquisition (NASDAQ:CHAR) last issued its earnings results on Wednesday, June 17th. The company reported $0.06 EPS for the quarter.

Charlton Aria Acquisition Corp. (NASDAQ: CHAR) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank-check vehicle, its primary business purpose is to identify, negotiate and complete a business combination, merger, capital stock exchange, asset acquisition or similar transaction with one or more operating businesses. SPACs such as Charlton Aria raise capital through public offerings and seek to use those proceeds to acquire a private company and take it public through the combination.

Like other SPACs, Charlton Aria’s principal activities center on sourcing potential targets, conducting due diligence, negotiating transaction terms and securing shareholder and regulatory approvals for a proposed business combination.