Brera Holdings PLC (NASDAQ:SLMT – Free Report)’s stock is going to reverse split on the morning of Thursday, May 14th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, May 13th.
Brera Stock Down 5.1%
Shares of SLMT stock traded down $0.04 on Wednesday, hitting $0.69. The company had a trading volume of 482,289 shares, compared to its average volume of 624,814. The company’s 50-day simple moving average is $0.89. Brera has a twelve month low of $0.66 and a twelve month high of $52.95.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Brera in a report on Friday, April 10th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.
Hedge Funds Weigh In On Brera
A number of large investors have recently bought and sold shares of the business. ARK Investment Management LLC acquired a new position in Brera in the 4th quarter worth about $16,998,000. Electric Capital Partners LLC acquired a new position in Brera in the 4th quarter worth about $12,155,000. Anatole Investment Management Ltd acquired a new position in Brera in the 4th quarter worth about $10,389,000. Alyeska Investment Group L.P. acquired a new position in Brera in the 4th quarter worth about $5,293,000. Finally, Arrington Capital Management LLC acquired a new position in Brera in the 4th quarter worth about $2,055,000. Institutional investors and hedge funds own 68.26% of the company’s stock.
Brera Company Profile
Brera Holdings PLC is an Irish holding company focused on expanding social impact football by developing a global portfolio of emerging football clubs with increased opportunities to earn tournament prizes, gain sponsorships, and provide other professional football and related consulting services. We seek to build on the legacy and brand of Brera FC, the first football club that we acquired in July 2022. Brera FC is an amateur football association which has been building an alternative football legacy since its founding in 2000.
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