Context Capital Management LLC purchased a new position in shares of Chenghe Acquisition III Co. (NASDAQ:CHEC – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 136,151 shares of the company’s stock, valued at approximately $1,400,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Sona Asset Management US LLC purchased a new position in Chenghe Acquisition III in the 1st quarter valued at approximately $2,382,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Chenghe Acquisition III during the first quarter worth $3,530,000. Finally, Rivernorth Capital Management LLC acquired a new position in Chenghe Acquisition III during the first quarter worth $3,972,000.
Chenghe Acquisition III Trading Down 0.1%
Chenghe Acquisition III stock opened at $10.32 on Wednesday. Chenghe Acquisition III Co. has a 52 week low of $9.91 and a 52 week high of $10.56. The firm’s 50-day simple moving average is $10.29 and its 200 day simple moving average is $10.17.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded Chenghe Acquisition III from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has a consensus rating of “Sell”.
View Our Latest Report on CHEC
Chenghe Acquisition III Profile
Chenghe Acquisition III is a special purpose acquisition company (SPAC) formed to pursue a business combination with an existing company. It does not currently operate a business or offer products or services to customers. The company’s stated purpose is to complete a merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction with one or more businesses. Its activities are centered on identifying and evaluating potential acquisition targets and negotiating a transaction.
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