TENOR CAPITAL MANAGEMENT Co. L.P. Increases Stock Position in NextGen Acquisition Co. (NASDAQ:NGAC)

TENOR CAPITAL MANAGEMENT Co. L.P. raised its position in shares of NextGen Acquisition Co. (NASDAQ:NGAC) by 11.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 555,826 shares of the company’s stock after buying an additional 55,826 shares during the quarter. TENOR CAPITAL MANAGEMENT Co. L.P. owned about 1.19% of NextGen Acquisition worth $5,514,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Janus Henderson Group PLC bought a new position in shares of NextGen Acquisition during the first quarter valued at $23,648,000. Greenlight Capital Inc. bought a new stake in NextGen Acquisition in the 1st quarter worth about $4,288,000. Alpha Paradigm Partners LLC bought a new stake in NextGen Acquisition in the 1st quarter worth about $1,617,000. Hsbc Holdings PLC bought a new stake in NextGen Acquisition in the 4th quarter worth about $4,060,000. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of NextGen Acquisition during the 1st quarter valued at about $27,000. 50.84% of the stock is owned by institutional investors and hedge funds.

NASDAQ NGAC remained flat at $$9.93 during trading hours on Thursday. The company had a trading volume of 5,200 shares, compared to its average volume of 159,579. The business’s 50-day moving average price is $9.92. NextGen Acquisition Co. has a one year low of $9.70 and a one year high of $16.00.

A number of equities research analysts have issued reports on the company. Benchmark assumed coverage on NextGen Acquisition in a research note on Friday, June 11th. They set a “buy” rating and a $22.00 price target for the company. DA Davidson assumed coverage on NextGen Acquisition in a research note on Friday, July 16th. They set a “buy” rating and a $19.00 price target for the company. Finally, Colliers Securities restated a “buy” rating on shares of NextGen Acquisition in a research note on Thursday, July 1st.

NextGen Acquisition Profile

NextGen Acquisition Corporation does not have significant operations. The company focuses on pursuing opportunities in industrial and healthcare sectors. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.

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Institutional Ownership by Quarter for NextGen Acquisition (NASDAQ:NGAC)

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