Sona Asset Management US LLC acquired a new stake in Highview Merger Corp. (NASDAQ:HVMC – Free Report) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 156,076 shares of the company’s stock, valued at approximately $1,569,000.
Other hedge funds have also modified their holdings of the company. Adage Capital Partners GP L.L.C. bought a new position in shares of Highview Merger during the 4th quarter worth approximately $18,000,000. AQR Arbitrage LLC acquired a new stake in Highview Merger in the 4th quarter valued at $12,682,000. Alberta Investment Management Corp bought a new stake in Highview Merger in the fourth quarter valued at $12,500,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Highview Merger in the fourth quarter valued at $10,000,000. Finally, Magnetar Financial LLC acquired a new position in Highview Merger during the fourth quarter worth $9,293,000.
Highview Merger Stock Performance
Shares of NASDAQ HVMC opened at $10.19 on Monday. Highview Merger Corp. has a 12-month low of $9.93 and a 12-month high of $10.20. The stock’s 50-day moving average is $10.18.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Highview Merger in a report on Thursday, July 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.
Get Our Latest Report on Highview Merger
Highview Merger Profile
We are a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.
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Want to see what other hedge funds are holding HVMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Highview Merger Corp. (NASDAQ:HVMC – Free Report).
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