L1 Global Manager Pty Ltd Invests $1.03 Million in Blue Water Acquisition Corp. III $BLUW

L1 Global Manager Pty Ltd purchased a new position in shares of Blue Water Acquisition Corp. III (NASDAQ:BLUW) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 100,000 shares of the company’s stock, valued at approximately $1,032,000. L1 Global Manager Pty Ltd owned about 0.36% of Blue Water Acquisition Corp. III as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Magnetar Financial LLC acquired a new position in shares of Blue Water Acquisition Corp. III during the third quarter worth approximately $14,978,000. AQR Arbitrage LLC acquired a new position in shares of Blue Water Acquisition Corp. III during the third quarter worth approximately $11,485,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in shares of Blue Water Acquisition Corp. III during the third quarter valued at approximately $9,970,000. Berkley W R Corp bought a new stake in shares of Blue Water Acquisition Corp. III during the third quarter valued at approximately $9,262,000. Finally, Linden Advisors LP bought a new stake in shares of Blue Water Acquisition Corp. III during the third quarter valued at approximately $8,973,000.

Blue Water Acquisition Corp. III Stock Performance

Shares of NASDAQ:BLUW opened at $10.31 on Friday. The business’s fifty day moving average price is $10.27 and its two-hundred day moving average price is $10.29. Blue Water Acquisition Corp. III has a fifty-two week low of $9.93 and a fifty-two week high of $10.41.

Blue Water Acquisition Corp. III (NASDAQ:BLUW) last issued its quarterly earnings data on Tuesday, April 14th. The company reported ($0.03) EPS for the quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Weiss Ratings upgraded Blue Water Acquisition Corp. III from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, April 24th. Wall Street Zen upgraded Blue Water Acquisition Corp. III to a “hold” rating in a research report on Saturday, February 28th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Blue Water Acquisition Corp. III presently has an average rating of “Sell”.

Blue Water Acquisition Corp. III 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.