Highview Merger (NASDAQ:HVMC) Announces Quarterly Earnings Results

Highview Merger (NASDAQ:HVMC) announced its earnings results on Friday. The company reported $0.06 EPS for the quarter, FiscalAI reports.

Highview Merger Price Performance

NASDAQ HVMC traded up $0.01 during trading hours on Friday, hitting $10.33. 128,030 shares of the company were exchanged, compared to its average volume of 62,457. The company has a 50 day moving average of $10.30 and a two-hundred day moving average of $10.19. Highview Merger has a 52-week low of $10.00 and a 52-week high of $10.35.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Highview Merger in a research note on Tuesday. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Highview Merger

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Alberta Investment Management Corp purchased a new stake in shares of Highview Merger during the third quarter worth approximately $12,850,000. First Trust Capital Management L.P. purchased a new position in Highview Merger in the third quarter worth approximately $2,568,000. Context Capital Management LLC acquired a new position in Highview Merger during the 3rd quarter worth approximately $1,544,000. Irenic Capital Management LP grew its holdings in Highview Merger by 50.0% during the 1st quarter. Irenic Capital Management LP now owns 450,000 shares of the company’s stock worth $4,522,000 after acquiring an additional 150,000 shares in the last quarter. Finally, Rivernorth Capital Management LLC acquired a new position in Highview Merger during the 1st quarter worth approximately $2,068,000.

About Highview Merger

Highview Merger is a special purpose acquisition company (SPAC) formed to pursue a merger, share exchange, asset acquisition or similar business combination with an operating company. Its core business is identifying and evaluating a potential transaction rather than manufacturing products or providing services directly.