Healthcare of Ontario Pension Plan Trust Fund Acquires New Holdings in Chenghe Acquisition III Co. $CHEC

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Chenghe Acquisition III Co. (NASDAQ:CHEC) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 350,000 shares of the company’s stock, valued at approximately $3,530,000.

Several other hedge funds also recently bought and sold shares of CHEC. Gladius Capital Management LP acquired a new stake in shares of Chenghe Acquisition III during the fourth quarter valued at about $150,000. Royal Bank of Canada acquired a new position in shares of Chenghe Acquisition III in the 4th quarter worth approximately $168,000. Virtu Financial LLC acquired a new position in shares of Chenghe Acquisition III in the 4th quarter worth approximately $377,000. Boothbay Fund Management LLC purchased a new position in shares of Chenghe Acquisition III during the 4th quarter worth approximately $498,000. Finally, K2 Principal Fund L.P. purchased a new position in shares of Chenghe Acquisition III during the 4th quarter worth approximately $805,000.

Chenghe Acquisition III Price Performance

NASDAQ CHEC opened at $10.20 on Friday. The firm has a 50-day moving average price of $10.17. Chenghe Acquisition III Co. has a 1-year low of $9.91 and a 1-year high of $10.56.

Chenghe Acquisition III (NASDAQ:CHEC) last issued its quarterly earnings results on Wednesday, March 25th. The company reported $0.14 earnings per share (EPS) for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised Chenghe Acquisition III from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Chenghe Acquisition III currently has a consensus rating of “Sell”.

Chenghe Acquisition III Company Profile

Chenghe Acquisition III (NASDAQ: CHEC) is a special-purpose acquisition company, commonly known as a SPAC, that was formed to effect a business combination with one or more operating companies. As a blank‑check vehicle, the company’s primary business activity is identifying, negotiating and completing an acquisition, merger or other strategic combination rather than operating traditional, revenue‑generating businesses.

Like many SPACs, Chenghe Acquisition III holds funds in a trust account pending the completion of a qualifying business combination and typically offers public shareholders the option to redeem their shares if they do not approve a proposed transaction.