1,485,000 Shares in Crown Reserve Acquisition Corp. I $CRAC Acquired by Magnetar Financial LLC

Magnetar Financial LLC purchased a new position in shares of Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,485,000 shares of the company’s stock, valued at approximately $14,761,000. Magnetar Financial LLC owned about 0.07% of Crown Reserve Acquisition Corp. I as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC bought a new stake in shares of Crown Reserve Acquisition Corp. I during the 4th quarter worth approximately $534,000. Wolverine Asset Management LLC bought a new stake in shares of Crown Reserve Acquisition Corp. I during the 4th quarter worth approximately $928,000. Berkley W R Corp bought a new stake in shares of Crown Reserve Acquisition Corp. I during the 4th quarter worth approximately $2,321,000. Clear Street Group Inc. bought a new stake in shares of Crown Reserve Acquisition Corp. I during the 4th quarter worth approximately $2,335,000. Finally, Periscope Capital Inc. bought a new stake in Crown Reserve Acquisition Corp. I during the 4th quarter valued at $2,458,000.

Crown Reserve Acquisition Corp. I Price Performance

Shares of NASDAQ CRAC opened at $10.12 on Wednesday. The firm’s fifty day moving average price is $10.08. Crown Reserve Acquisition Corp. I has a twelve month low of $9.89 and a twelve month high of $10.12.

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) last issued its earnings results on Friday, May 15th. The company reported ($0.01) earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Crown Reserve Acquisition Corp. I from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Crown Reserve Acquisition Corp. I Company Profile

Crown Reserve Acquisition Corp. I (NASDAQ: CRAC) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank‑check vehicle, the company was formed to raise capital through a public offering with the primary aim of identifying, negotiating and completing a business combination with one or more operating businesses. Prior to consummation of a qualifying transaction, Crown Reserve Acquisition Corp. I does not engage in substantive commercial operations beyond the activities necessary to carry out its formation and capital‑raising objectives.

The company’s principal activities include managing proceeds raised in its initial public offering, maintaining those funds in trust accounts, conducting due diligence on prospective targets and pursuing mergers, acquisitions or other strategic combinations that would enable the combined entity to become an operating public company.