Commonwealth of Pennsylvania Public School Empls Retrmt SYS Takes Position in HCM Acquisition Corp $HCMA

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in HCM Acquisition Corp (NASDAQ:HCMA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 199,998 shares of the company’s stock, valued at approximately $2,008,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HCMA. Meteora Capital LLC acquired a new stake in shares of HCM Acquisition in the third quarter valued at about $16,587,000. Verition Fund Management LLC acquired a new stake in HCM Acquisition during the third quarter worth approximately $11,617,000. Linden Advisors LP acquired a new stake in HCM Acquisition during the third quarter worth approximately $10,100,000. Highbridge Capital Management LLC acquired a new stake in HCM Acquisition during the third quarter worth approximately $10,100,000. Finally, MMCAP International Inc. SPC acquired a new stake in HCM Acquisition during the fourth quarter worth approximately $10,040,000. Institutional investors and hedge funds own 11.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised HCM Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, HCM Acquisition has a consensus rating of “Sell”.

HCM Acquisition Price Performance

Shares of HCM Acquisition stock opened at $10.26 on Friday. HCM Acquisition Corp has a 52 week low of $10.03 and a 52 week high of $10.49. The stock has a 50 day moving average price of $10.15 and a two-hundred day moving average price of $10.13.

HCM Acquisition (NASDAQ:HCMA) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.05 EPS for the quarter.

HCM Acquisition Profile

HCM Acquisition Corp. is a Delaware‐incorporated special purpose acquisition company (SPAC) that was formed to identify and complete a business combination with one or more target businesses. The company raised capital through its initial public offering and is listed on the Nasdaq under the ticker HCMA. As a blank check vehicle, HCM Acquisition holds its funds in trust until it consummates a qualifying merger, share exchange, asset acquisition or other business combination.

The SPAC is sponsored by affiliates of Healthcare Capital Management LLC, a Los Angeles‐based investment firm with experience in healthcare and life sciences investing.