Lakeshore Acquisition III (NASDAQ:LCCC) Issues Earnings Results

Lakeshore Acquisition III (NASDAQ:LCCC) posted its quarterly earnings data on Friday. The company reported $0.16 earnings per share for the quarter, FiscalAI reports.

Lakeshore Acquisition III Stock Up 0.5%

Shares of Lakeshore Acquisition III stock opened at $10.61 on Friday. The stock’s fifty day moving average is $10.61 and its two-hundred day moving average is $10.44. Lakeshore Acquisition III has a 52 week low of $10.13 and a 52 week high of $10.56.

Institutional Trading of Lakeshore Acquisition III

A hedge fund recently raised its position in Lakeshore Acquisition III stock. Berkley W R Corp grew its stake in shares of Lakeshore Acquisition III Corp. (NASDAQ:LCCC) by 51.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 310,796 shares of the company’s stock after purchasing an additional 105,422 shares during the quarter. Berkley W R Corp owned approximately 3.49% of Lakeshore Acquisition III worth $3,203,000 at the end of the most recent quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Lakeshore Acquisition III from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Lakeshore Acquisition III currently has a consensus rating of “Sell”.

About Lakeshore Acquisition III

Lakeshore Acquisition III is a special purpose acquisition company, or SPAC, that was formed to pursue a business combination with an operating company. Its stated corporate activities are centered on identifying a suitable target and completing a merger, acquisition, stock purchase, reorganization, or similar transaction.

Unlike an operating company, Lakeshore Acquisition III does not have an established portfolio of products or services, manufacturing activities, or a broad customer base.