Polar Asset Management Partners Inc. Buys 110,000 Shares of Eureka Acquisition Corp. $EURK

Polar Asset Management Partners Inc. lifted its position in Eureka Acquisition Corp. (NASDAQ:EURK) by 193.0% during the first quarter, HoldingsChannel.com reports. The fund owned 167,000 shares of the company’s stock after purchasing an additional 110,000 shares during the period. Polar Asset Management Partners Inc.’s holdings in Eureka Acquisition were worth $1,894,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Clear Street Group Inc. increased its position in shares of Eureka Acquisition by 35.4% in the 4th quarter. Clear Street Group Inc. now owns 92,366 shares of the company’s stock valued at $1,009,000 after buying an additional 24,135 shares in the last quarter. Meteora Capital LLC acquired a new position in shares of Eureka Acquisition during the third quarter worth about $1,386,000. Finally, Berkley W R Corp grew its holdings in shares of Eureka Acquisition by 3.2% during the first quarter. Berkley W R Corp now owns 315,488 shares of the company’s stock worth $3,578,000 after buying an additional 9,860 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Eureka Acquisition in a research note on Monday, June 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Eureka Acquisition currently has an average rating of “Sell”.

Eureka Acquisition Price Performance

NASDAQ EURK opened at $11.35 on Tuesday. The stock has a 50 day moving average of $11.62 and a 200-day moving average of $11.37. Eureka Acquisition Corp. has a 12 month low of $10.59 and a 12 month high of $14.28.

Eureka Acquisition (NASDAQ:EURK) last issued its earnings results on Thursday, July 23rd. The company reported $0.12 earnings per share (EPS) for the quarter.

Eureka Acquisition Company Profile

Eureka Acquisition Co (NASDAQ: EURK) is a special purpose acquisition company (SPAC) incorporated in Delaware in 2021. As a blank‐check vehicle, the company raised capital through an initial public offering to pursue mergers, acquisitions or other business combinations. Eureka Acquisition does not engage in any operational business activities of its own and has not yet announced a definitive target or transaction.

The company’s charter provides a fixed time frame—typically 24 to 36 months—to identify and complete a qualifying business combination.