Rivernorth Capital Management LLC acquired a new stake in shares of Highview Merger Corp. (NASDAQ:HVMC – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 205,739 shares of the company’s stock, valued at approximately $2,068,000.
A number of other large investors have also recently made changes to their positions in the business. Adage Capital Partners GP L.L.C. purchased a new stake in shares of Highview Merger during the 4th quarter valued at about $18,000,000. AQR Arbitrage LLC bought a new stake in Highview Merger during the fourth quarter worth approximately $12,682,000. Alberta Investment Management Corp purchased a new stake in Highview Merger during the fourth quarter valued at approximately $12,500,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Highview Merger during the fourth quarter valued at approximately $10,000,000. Finally, Magnetar Financial LLC bought a new stake in shares of Highview Merger in the 4th quarter valued at approximately $9,293,000.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Highview Merger in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Highview Merger currently has an average rating of “Sell”.
Highview Merger Price Performance
HVMC opened at $10.20 on Thursday. The firm’s fifty day simple moving average is $10.18. Highview Merger Corp. has a 52-week low of $9.93 and a 52-week high of $10.20.
Highview Merger (NASDAQ:HVMC – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported $0.06 earnings per share for the quarter.
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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