Bleichroeder Acquisition Corp. I $BACQ Shares Sold by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP lessened its holdings in shares of Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) by 17.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,244,386 shares of the company’s stock after selling 255,614 shares during the quarter. Hudson Bay Capital Management LP owned 3.69% of Bleichroeder Acquisition Corp. I worth $12,929,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Meteora Capital LLC acquired a new position in Bleichroeder Acquisition Corp. I during the second quarter valued at approximately $25,674,000. Berkley W R Corp grew its stake in Bleichroeder Acquisition Corp. I by 121.3% during the second quarter. Berkley W R Corp now owns 1,211,019 shares of the company’s stock worth $12,486,000 after buying an additional 663,884 shares during the period. Radcliffe Capital Management L.P. increased its position in shares of Bleichroeder Acquisition Corp. I by 628.0% in the third quarter. Radcliffe Capital Management L.P. now owns 912,239 shares of the company’s stock worth $9,487,000 after acquiring an additional 786,939 shares in the last quarter. Moore Capital Management LP acquired a new stake in shares of Bleichroeder Acquisition Corp. I in the second quarter worth $7,748,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new position in shares of Bleichroeder Acquisition Corp. I in the 3rd quarter valued at $5,440,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Bleichroeder Acquisition Corp. I in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Bleichroeder Acquisition Corp. I presently has an average rating of “Sell”.

Bleichroeder Acquisition Corp. I Trading Up 2.3%

Shares of NASDAQ:BACQ opened at $7.85 on Friday. The business’s 50-day simple moving average is $10.18 and its 200 day simple moving average is $10.55. Bleichroeder Acquisition Corp. I has a one year low of $7.35 and a one year high of $13.21.

Bleichroeder Acquisition Corp. I (NASDAQ:BACQ) last released its quarterly earnings results on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter.

Bleichroeder Acquisition Corp. I Profile

Bleichroeder Acquisition Corp. I is a Delaware-incorporated special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. The company does not presently have operations of its own and intends to seek opportunities primarily in sectors where its sponsor, Bleichroeder & Co, holds expertise, including financial services, industrials and technology.

The company’s strategy involves raising capital through an initial public offering (IPO) to finance acquisition targets and working closely with management teams to drive growth and operational improvements.