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

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

Blue Water Acquisition Corp. III Stock Performance

BLUW stock traded up $0.02 during trading on Friday, hitting $10.27. 2,891 shares of the stock traded hands, compared to its average volume of 18,320. Blue Water Acquisition Corp. III has a 1 year low of $9.93 and a 1 year high of $10.41. The firm’s 50 day moving average is $10.28 and its two-hundred day moving average is $10.26.

Wall Street Analysts Forecast Growth

BLUW has been the subject of several research reports. Weiss Ratings upgraded shares of Blue Water Acquisition Corp. III from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, April 24th. Wall Street Zen upgraded shares of Blue Water Acquisition Corp. III to a “hold” rating in a research note on Saturday, February 28th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Blue Water Acquisition Corp. III

Institutional investors have recently made changes to their positions in the company. Anson Funds Management LP bought a new stake in shares of Blue Water Acquisition Corp. III during the fourth quarter valued at approximately $25,645,000. Harraden Circle Investments LLC bought a new position in Blue Water Acquisition Corp. III in the 4th quarter valued at approximately $17,779,000. Magnetar Financial LLC bought a new position in Blue Water Acquisition Corp. III in the 3rd quarter valued at approximately $14,978,000. AQR Arbitrage LLC bought a new position in Blue Water Acquisition Corp. III in the 3rd quarter valued at approximately $11,485,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in Blue Water Acquisition Corp. III in the 3rd quarter valued at approximately $9,970,000.

About Blue Water Acquisition Corp. III

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.