Sona Asset Management US LLC acquired a new position in shares of StoneBridge Acquisition Co. (NASDAQ:APAC – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 117,096 shares of the company’s stock, valued at approximately $1,177,000. Sona Asset Management US LLC owned about 1.45% of StoneBridge Acquisition at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. ABC Arbitrage SA purchased a new position in shares of StoneBridge Acquisition in the 4th quarter valued at $199,000. Westchester Capital Management LLC purchased a new stake in StoneBridge Acquisition in the fourth quarter valued at $796,000. Berkley W R Corp acquired a new position in StoneBridge Acquisition in the fourth quarter valued at $1,128,000. Boothbay Fund Management LLC acquired a new position in StoneBridge Acquisition in the fourth quarter valued at $1,368,000. Finally, Polar Asset Management Partners Inc. acquired a new position in StoneBridge Acquisition in the fourth quarter valued at $1,492,000. Institutional investors and hedge funds own 19.18% of the company’s stock.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded StoneBridge Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, StoneBridge Acquisition currently has a consensus rating of “Sell”.
StoneBridge Acquisition Stock Performance
Shares of NASDAQ APAC opened at $10.17 on Monday. StoneBridge Acquisition Co. has a twelve month low of $9.87 and a twelve month high of $10.18. The stock has a 50 day moving average of $10.14 and a two-hundred day moving average of $10.08.
StoneBridge Acquisition Company Profile
StoneBridge Acquisition Corporation does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar Business Combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.
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