Voyager Acquisition (NASDAQ:VACH) Shares Down 5% – Here’s Why

Shares of Voyager Acquisition Corp. (NASDAQ:VACH) were down 5% during mid-day trading on Monday . The company traded as low as $10.78 and last traded at $12.25. Approximately 14,681 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 30,539 shares. The stock had previously closed at $12.90.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Voyager Acquisition in a research report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Voyager Acquisition Stock Down 3.2%

The stock has a fifty day moving average of $10.95 and a 200-day moving average of $10.68.

Voyager Acquisition (NASDAQ:VACH) last released its quarterly earnings data on Tuesday, March 10th. The company reported $0.05 earnings per share for the quarter.

Institutional Investors Weigh In On Voyager Acquisition

Hedge funds and other institutional investors have recently bought and sold shares of the stock. PenderFund Capital Management Ltd. boosted its stake in Voyager Acquisition by 58.0% in the fourth quarter. PenderFund Capital Management Ltd. now owns 7,900 shares of the company’s stock valued at $84,000 after acquiring an additional 2,900 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its position in shares of Voyager Acquisition by 6.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 184,739 shares of the company’s stock worth $1,939,000 after purchasing an additional 10,767 shares in the last quarter. Geode Capital Management LLC acquired a new stake in shares of Voyager Acquisition during the fourth quarter worth about $171,000. Berkley W R Corp lifted its holdings in shares of Voyager Acquisition by 1.5% in the 3rd quarter. Berkley W R Corp now owns 1,232,963 shares of the company’s stock valued at $12,941,000 after purchasing an additional 18,571 shares during the last quarter. Finally, Mangrove Partners IM LLC boosted its position in shares of Voyager Acquisition by 4.6% in the 3rd quarter. Mangrove Partners IM LLC now owns 450,000 shares of the company’s stock valued at $4,723,000 after purchasing an additional 19,797 shares during the period.

About Voyager Acquisition

Voyager Acquisition Corp. (NASDAQ: VACH) is a special purpose acquisition company incorporated as an exempted company with limited liability under the laws of the Cayman Islands. The company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase or similar business combination with one or more businesses, with an emphasis on identifying and partnering with companies in the technology and technology‐enabled services sectors.

Voyager Acquisition Corp.