Picton Mahoney Asset Management Takes $7.55 Million Position in Inflection Point Acquisition Corp. III $IPCX

Picton Mahoney Asset Management purchased a new position in shares of Inflection Point Acquisition Corp. III (NASDAQ:IPCX) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 750,000 shares of the company’s stock, valued at approximately $7,552,000. Picton Mahoney Asset Management owned about 2.18% of Inflection Point Acquisition Corp. III at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MMCAP International Inc. SPC bought a new position in Inflection Point Acquisition Corp. III during the 3rd quarter worth $14,098,000. JPMorgan Chase & Co. acquired a new position in shares of Inflection Point Acquisition Corp. III in the third quarter valued at about $16,747,000. Wolverine Asset Management LLC increased its position in Inflection Point Acquisition Corp. III by 63.8% during the third quarter. Wolverine Asset Management LLC now owns 164,698 shares of the company’s stock worth $1,659,000 after acquiring an additional 64,126 shares during the period. Wealthspring Capital LLC bought a new position in Inflection Point Acquisition Corp. III during the third quarter worth about $5,357,000. Finally, Hudson Bay Capital Management LP acquired a new stake in Inflection Point Acquisition Corp. III in the 2nd quarter worth about $4,848,000.

Inflection Point Acquisition Corp. III Stock Down 0.1%

IPCX stock opened at $10.18 on Thursday. Inflection Point Acquisition Corp. III has a 52 week low of $10.05 and a 52 week high of $10.35. The business has a 50-day simple moving average of $10.16 and a 200 day simple moving average of $10.15.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Inflection Point Acquisition Corp. III in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Inflection Point Acquisition Corp. III has a consensus rating of “Sell”.

Inflection Point Acquisition Corp. III Profile

Inflection Point Acquisition Corp. III (NASDAQ: IPCX) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, that is organized to raise capital through a public offering for the purpose of effecting a merger, acquisition, capital stock exchange, asset purchase, reorganization or similar business combination. As a SPAC, it does not operate a conventional operating business; instead, its principal objective is to identify and combine with one or more operating businesses that will become publicly listed through the transaction.

Like many SPACs, Inflection Point Acquisition Corp.