150,000 Berto Acquisition Corp. $TACO Shares Sold by Context Capital Management LLC

Context Capital Management LLC cut its holdings in Berto Acquisition Corp. (NASDAQ:TACO) by 37.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 250,000 shares of the restaurant operator’s stock after selling 150,000 shares during the period. Context Capital Management LLC owned 0.77% of Berto Acquisition worth $2,618,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in TACO. Governors Lane LP acquired a new position in Berto Acquisition in the second quarter valued at about $14,162,000. Berkley W R Corp raised its position in shares of Berto Acquisition by 77.9% during the first quarter. Berkley W R Corp now owns 1,822,598 shares of the restaurant operator’s stock worth $18,682,000 after purchasing an additional 797,864 shares during the period. StoneX Group Inc. acquired a new stake in shares of Berto Acquisition during the third quarter worth about $5,355,000. SkyView Investment Advisors LLC bought a new position in shares of Berto Acquisition during the 2nd quarter valued at about $4,549,000. Finally, Sona Asset Management US LLC bought a new position in shares of Berto Acquisition during the 1st quarter valued at about $1,697,000.

Analyst Ratings Changes

Several equities analysts recently issued reports on TACO shares. Weiss Ratings upgraded Berto Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, August 24th. Wall Street Zen cut Berto Acquisition from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has an average rating of “Sell”.

Berto Acquisition Price Performance

TACO opened at $10.51 on Wednesday. The business’s 50-day moving average price is $10.47 and its two-hundred day moving average price is $10.38. Berto Acquisition Corp. has a 1 year low of $10.11 and a 1 year high of $10.59.

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

Berto Acquisition Company Profile

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.