200,000 Shares in Freedom Acquisition I Corp. $FACT Acquired by Context Capital Management LLC

Context Capital Management LLC acquired a new stake in shares of Freedom Acquisition I Corp. (NASDAQ:FACT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 200,000 shares of the company’s stock, valued at approximately $2,148,000.

Several other hedge funds have also recently made changes to their positions in the stock. Rangeley Capital LLC bought a new position in Freedom Acquisition I during the first quarter valued at approximately $163,000. Citadel Advisors LLC purchased a new stake in Freedom Acquisition I in the second quarter worth approximately $204,000. SkyView Investment Advisors LLC purchased a new stake in Freedom Acquisition I in the second quarter worth approximately $532,000. Finally, Berkley W R Corp grew its position in Freedom Acquisition I by 14.2% in the 1st quarter. Berkley W R Corp now owns 325,445 shares of the company’s stock worth $3,417,000 after purchasing an additional 40,363 shares during the period. 55.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Freedom Acquisition I from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Freedom Acquisition I currently has an average rating of “Sell”.

Freedom Acquisition I Price Performance

Freedom Acquisition I stock opened at $10.80 on Wednesday. Freedom Acquisition I Corp. has a 12-month low of $10.33 and a 12-month high of $10.81. The firm has a 50 day moving average of $10.74 and a 200 day moving average of $10.62.

Freedom Acquisition I (NASDAQ:FACT) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.04 earnings per share (EPS) for the quarter.

About Freedom Acquisition I

Freedom Acquisition I Corp. was a special purpose acquisition company, or SPAC, formed to identify and combine with an operating business. Rather than selling products or services directly, the company raised capital through a public offering and pursued a merger with a private company. Freedom Acquisition I focused on opportunities in sectors including financial services, technology, media and telecommunications. Its principal activity was evaluating potential business combinations, conducting due diligence and negotiating a transaction that would allow a private company to become publicly traded.