Scopus Asset Management L.P. Makes New Investment in FAST Acquisition Corp. (NYSE:FST)

Scopus Asset Management L.P. bought a new position in shares of FAST Acquisition Corp. (NYSE:FST) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,875,000 shares of the company’s stock, valued at approximately $23,475,000. Scopus Asset Management L.P. owned about 0.08% of FAST Acquisition as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FST. Zeke Capital Advisors LLC acquired a new stake in FAST Acquisition during the 1st quarter worth $20,658,000. Morgan Stanley raised its holdings in shares of FAST Acquisition by 116,116.5% during the 1st quarter. Morgan Stanley now owns 1,255,138 shares of the company’s stock worth $15,715,000 after acquiring an additional 1,254,058 shares during the period. Glenview Capital Management LLC purchased a new position in shares of FAST Acquisition during the 1st quarter worth $12,457,000. Honeycomb Asset Management LP purchased a new position in shares of FAST Acquisition during the 1st quarter worth $10,888,000. Finally, 1060 Capital LLC purchased a new position in shares of FAST Acquisition during the 1st quarter worth $3,443,000. 56.86% of the stock is currently owned by institutional investors.

In related news, major shareholder Chatham Asset Management, Llc purchased 23,000 shares of FAST Acquisition stock in a transaction dated Monday, July 19th. The shares were acquired at an average price of $11.71 per share, for a total transaction of $269,330.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have bought 388,000 shares of company stock worth $5,174,230. Insiders own 1.26% of the company’s stock.

Shares of NYSE FST traded up $0.13 during trading on Thursday, hitting $11.80. 93,867 shares of the company were exchanged, compared to its average volume of 147,627. FAST Acquisition Corp. has a 12-month low of $9.59 and a 12-month high of $14.10. The company’s fifty day moving average is $12.57.

About FAST Acquisition

FAST Acquisition Corp. does not have significant operations. The company intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in restaurant, hospitality, and related sectors. FAST Acquisition Corp. was founded in 2020 and is based in Ridgefield, Connecticut.

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Institutional Ownership by Quarter for FAST Acquisition (NYSE:FST)

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