350,000 Shares in Chenghe Acquisition III Co. $CHEC Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Chenghe Acquisition III Co. (NASDAQ:CHEC) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 350,000 shares of the company’s stock, valued at approximately $3,530,000.

Other hedge funds also recently bought and sold shares of the company. Gladius Capital Management LP acquired a new position in shares of Chenghe Acquisition III during the 4th quarter worth approximately $150,000. Royal Bank of Canada acquired a new stake in shares of Chenghe Acquisition III in the fourth quarter valued at approximately $168,000. Virtu Financial LLC purchased a new position in Chenghe Acquisition III during the fourth quarter worth approximately $377,000. Boothbay Fund Management LLC purchased a new position in Chenghe Acquisition III during the fourth quarter worth approximately $498,000. Finally, K2 Principal Fund L.P. acquired a new position in Chenghe Acquisition III during the fourth quarter worth $805,000.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Chenghe Acquisition III from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Chenghe Acquisition III Trading Down 0.0%

NASDAQ:CHEC opened at $10.20 on Friday. The company has a 50-day moving average price of $10.17. Chenghe Acquisition III Co. has a 1-year low of $9.91 and a 1-year high of $10.56.

Chenghe Acquisition III (NASDAQ:CHEC) last announced its quarterly earnings results on Wednesday, March 25th. The company reported $0.14 earnings per share (EPS) for the quarter.

Chenghe Acquisition III Profile

Chenghe Acquisition III (NASDAQ: CHEC) is a special-purpose acquisition company, commonly known as a SPAC, that was formed to effect a business combination with one or more operating companies. As a blank‑check vehicle, the company’s primary business activity is identifying, negotiating and completing an acquisition, merger or other strategic combination rather than operating traditional, revenue‑generating businesses.

Like many SPACs, Chenghe Acquisition III holds funds in a trust account pending the completion of a qualifying business combination and typically offers public shareholders the option to redeem their shares if they do not approve a proposed transaction.