Championsgate Acquisition (NASDAQ:CHPG) Announces Earnings Results

Championsgate Acquisition (NASDAQ:CHPG) released its earnings results on Friday. The company reported $0.06 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $0.68 million during the quarter.

Championsgate Acquisition Stock Down 0.3%

NASDAQ:CHPG opened at $10.31 on Friday. Championsgate Acquisition has a fifty-two week low of $9.81 and a fifty-two week high of $10.34. The company’s 50 day moving average is $10.28.

Institutional Trading of Championsgate Acquisition

A number of institutional investors have recently made changes to their positions in CHPG. Wolverine Asset Management LLC boosted its stake in shares of Championsgate Acquisition by 12.2% during the fourth quarter. Wolverine Asset Management LLC now owns 405,194 shares of the company’s stock valued at $4,129,000 after purchasing an additional 44,069 shares during the period. ABC Arbitrage SA purchased a new stake in shares of Championsgate Acquisition during the fourth quarter valued at approximately $255,000. HRT Financial LP purchased a new stake in shares of Championsgate Acquisition during the fourth quarter valued at approximately $447,000. L1 Global Manager Pty Ltd purchased a new stake in shares of Championsgate Acquisition during the fourth quarter valued at approximately $459,000. Finally, First Trust Capital Management L.P. boosted its stake in shares of Championsgate Acquisition by 3.5% during the fourth quarter. First Trust Capital Management L.P. now owns 514,174 shares of the company’s stock valued at $5,239,000 after purchasing an additional 17,239 shares during the period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on Championsgate Acquisition in a research report on Monday, January 26th. They issued a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Championsgate Acquisition presently has a consensus rating of “Sell”.

Championsgate Acquisition Company Profile

Championsgate Acquisition (NASDAQ: CHPG) is a publicly traded special purpose acquisition company (SPAC) formed to raise capital and effect a business combination with one or more operational businesses. As a blank‑check acquisition vehicle, its primary corporate purpose is to identify, negotiate and complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination that would bring a private operating company into the public markets through the SPAC structure.

Like other SPACs, Championsgate Acquisition’s activities center on sourcing potential targets, conducting due diligence, structuring transaction terms and securing shareholder approval for proposed business combinations.