Blue Water Acquisition Corp. III (NASDAQ:BLUW) Issues Quarterly Earnings Results

Blue Water Acquisition Corp. III (NASDAQ:BLUW) posted its quarterly earnings data on Wednesday. The company reported $0.08 earnings per share (EPS) for the quarter, FiscalAI reports.

Blue Water Acquisition Corp. III Stock Up 0.0%

NASDAQ:BLUW traded up $0.01 during midday trading on Wednesday, hitting $10.36. The company had a trading volume of 6,534 shares, compared to its average volume of 21,767. Blue Water Acquisition Corp. III has a 52-week low of $9.94 and a 52-week high of $10.41. The stock’s fifty day moving average price is $10.33 and its 200-day moving average price is $10.31.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Blue Water Acquisition Corp. III in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Blue Water Acquisition Corp. III

A number of hedge funds and other institutional investors have recently modified their holdings of the company. MYDA Advisors LLC purchased a new position in shares of Blue Water Acquisition Corp. III during the fourth quarter worth approximately $3,096,000. L1 Global Manager Pty Ltd bought a new stake in shares of Blue Water Acquisition Corp. III in the 4th quarter worth approximately $1,032,000. Lineage Point Capital LP purchased a new stake in shares of Blue Water Acquisition Corp. III in the 4th quarter valued at $1,130,000. Cantor Fitzgerald L. P. bought a new position in shares of Blue Water Acquisition Corp. III during the 4th quarter valued at $670,000. Finally, Geode Capital Management LLC grew its holdings in shares of Blue Water Acquisition Corp. III by 193.0% during the 4th quarter. Geode Capital Management LLC now owns 61,427 shares of the company’s stock valued at $634,000 after purchasing an additional 40,463 shares during the last quarter.

Blue Water Acquisition Corp. III Company Profile

Blue Water Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Greenwich, Connecticut.