511,808 Shares of Berto Acquisition Corp. $TACO Bought by StoneX Group Inc.

StoneX Group Inc. bought a new stake in Berto Acquisition Corp. (NASDAQ:TACO) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 511,808 shares of the restaurant operator’s stock, valued at approximately $5,355,000.

Other large investors have also recently bought and sold shares of the company. Levin Capital Strategies L.P. acquired a new position in Berto Acquisition during the 1st quarter valued at about $102,000. Sona Asset Management US LLC bought a new stake in shares of Berto Acquisition during the 1st quarter worth about $1,697,000. SkyView Investment Advisors LLC acquired a new stake in shares of Berto Acquisition in the 2nd quarter worth approximately $4,549,000. Governors Lane LP acquired a new stake in shares of Berto Acquisition in the 2nd quarter worth approximately $14,162,000. Finally, Berkley W R Corp lifted its stake in shares of Berto Acquisition by 77.9% in the 1st quarter. Berkley W R Corp now owns 1,822,598 shares of the restaurant operator’s stock worth $18,682,000 after acquiring an additional 797,864 shares during the period.

Berto Acquisition Price Performance

TACO opened at $10.51 on Friday. Berto Acquisition Corp. has a one year low of $10.11 and a one year high of $10.59. The stock’s fifty day moving average is $10.47 and its 200-day moving average is $10.38.

Berto Acquisition (NASDAQ:TACO) last announced its earnings results on Friday, August 14th. The restaurant operator reported $0.03 earnings per share for the quarter.

Wall Street Analysts Forecast Growth

TACO has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of Berto Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 24th. Wall Street Zen cut Berto Acquisition from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

About Berto Acquisition

Berto Acquisition Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq Capital Market under the ticker symbol TACO. The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition or similar transaction, with an operating business.

As a blank-check company, Berto Acquisition does not have an established operating business, product portfolio or customer-facing services of its own. Its activities primarily involve evaluating potential acquisition targets and pursuing the transaction and regulatory requirements associated with becoming a publicly traded operating company.

Publicly available information does not indicate that Berto Acquisition has completed a business combination or established operations in specific geographic markets.