Gritstone Asset Management LLC Makes New Investment in American Exceptionalism Acquisition Corp. $AEXA

Gritstone Asset Management LLC purchased a new stake in shares of American Exceptionalism Acquisition Corp. (NYSE:AEXA) in the third quarter, Holdings Channel.com reports. The firm purchased 50,000 shares of the company’s stock, valued at approximately $546,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Calamos Advisors LLC bought a new stake in American Exceptionalism Acquisition during the third quarter valued at $689,000. Deltec Asset Management LLC purchased a new stake in shares of American Exceptionalism Acquisition in the 3rd quarter valued at about $219,000. Finally, Syquant Capital Sas purchased a new position in shares of American Exceptionalism Acquisition during the third quarter worth about $1,366,000.

Analyst Ratings Changes

A number of brokerages recently weighed in on AEXA. Wall Street Zen raised shares of American Exceptionalism Acquisition to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings restated a “sell (e)” rating on shares of American Exceptionalism Acquisition in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, American Exceptionalism Acquisition currently has a consensus rating of “Sell”.

American Exceptionalism Acquisition Stock Down 1.4%

NYSE:AEXA opened at $11.59 on Friday. The stock has a 50 day moving average price of $11.31. American Exceptionalism Acquisition Corp. has a 1-year low of $10.49 and a 1-year high of $11.91.

American Exceptionalism Acquisition Profile

We are led by Chamath Palihapitiya, the founder and Managing Partner of Social Capital. Like Social Capital, the company is formed to confront the world’s hardest problems. Although these problems have evolved over the past decade, our approach remains the same—with a dedication to first principles thinking, deep technological understanding and a willingness to be contrarian to consensus. — We intend to find companies that operate in sectors that we believe will be instrumental in maintaining U.S.