Championsgate Acquisition (NASDAQ:CHPG) Issues Earnings Results

Championsgate Acquisition (NASDAQ:CHPG) released its quarterly earnings results on Friday. The company reported $0.09 EPS for the quarter, FiscalAI reports. The firm had revenue of $0.73 million during the quarter.

Championsgate Acquisition Stock Up 0.5%

NASDAQ:CHPG traded up $0.05 on Friday, reaching $10.30. The stock had a trading volume of 1 shares, compared to its average volume of 245. Championsgate Acquisition has a 1-year low of $9.81 and a 1-year high of $10.32. The stock’s fifty day simple moving average is $10.27.

Hedge Funds Weigh In On Championsgate Acquisition

A number of large investors have recently modified their holdings of the stock. First Trust Capital Management L.P. raised its stake in shares of Championsgate Acquisition by 3.5% during the fourth quarter. First Trust Capital Management L.P. now owns 514,174 shares of the company’s stock worth $5,239,000 after buying an additional 17,239 shares during the last quarter. ABC Arbitrage SA bought a new stake in shares of Championsgate Acquisition during the fourth quarter worth approximately $255,000. Rivernorth Capital Management LLC raised its stake in shares of Championsgate Acquisition by 33.6% during the fourth quarter. Rivernorth Capital Management LLC now owns 149,062 shares of the company’s stock worth $1,519,000 after buying an additional 37,500 shares during the last quarter. Clear Street Group Inc. raised its stake in shares of Championsgate Acquisition by 15.8% during the fourth quarter. Clear Street Group Inc. now owns 297,430 shares of the company’s stock worth $3,031,000 after buying an additional 40,601 shares during the last quarter. Finally, HRT Financial LP bought a new stake in shares of Championsgate Acquisition during the fourth quarter worth approximately $447,000.

Analyst Ratings Changes

Separately, Weiss Ratings started coverage on shares of Championsgate Acquisition in a research report on Monday, January 26th. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Championsgate Acquisition currently has a consensus rating of “Sell”.

Championsgate Acquisition Company Profile

Championsgate Acquisition (NASDAQ: CHPG) is a publicly traded special purpose acquisition company (SPAC) formed to raise capital and effect a business combination with one or more operational businesses. As a blank‑check acquisition vehicle, its primary corporate purpose is to identify, negotiate and complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination that would bring a private operating company into the public markets through the SPAC structure.

Like other SPACs, Championsgate Acquisition’s activities center on sourcing potential targets, conducting due diligence, structuring transaction terms and securing shareholder approval for proposed business combinations.