Clear Street Group Inc. Sells 499,125 Shares of Blue Water Acquisition Corp. III $BLUW

Clear Street Group Inc. trimmed its position in Blue Water Acquisition Corp. III (NASDAQ:BLUW) by 86.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,027 shares of the company’s stock after selling 499,125 shares during the quarter. Clear Street Group Inc.’s holdings in Blue Water Acquisition Corp. III were worth $816,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC bought a new position in shares of Blue Water Acquisition Corp. III in the third quarter worth approximately $399,000. Bulldog Investors LLP bought a new stake in shares of Blue Water Acquisition Corp. III during the 3rd quarter valued at $414,000. Context Capital Management LLC bought a new stake in shares of Blue Water Acquisition Corp. III during the 3rd quarter valued at $498,000. Geode Capital Management LLC lifted its stake 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 buying an additional 40,463 shares in the last quarter. Finally, Crossingbridge Advisors LLC purchased a new position in shares of Blue Water Acquisition Corp. III during the 3rd quarter valued at $979,000.

Analysts Set New Price Targets

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

Blue Water Acquisition Corp. III Trading Up 0.1%

Shares of NASDAQ BLUW opened at $10.32 on Tuesday. Blue Water Acquisition Corp. III has a 52-week low of $9.93 and a 52-week high of $10.41. The firm’s fifty day moving average is $10.27 and its two-hundred day moving average is $10.29.

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