Lineage Point Capital LP Takes $7.61 Million Position in Crown Reserve Acquisition Corp. I $CRAC

Lineage Point Capital LP bought a new position in shares of Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 766,000 shares of the company’s stock, valued at approximately $7,614,000. Crown Reserve Acquisition Corp. I makes up approximately 2.9% of Lineage Point Capital LP’s investment portfolio, making the stock its 4th biggest position. Lineage Point Capital LP owned 3.55% of Crown Reserve Acquisition Corp. I as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CRAC. Aristeia Capital L.L.C. purchased a new position in shares of Crown Reserve Acquisition Corp. I in the 4th quarter valued at $2,982,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Crown Reserve Acquisition Corp. I during the 4th quarter worth $3,043,000. Wolverine Asset Management LLC acquired a new stake in Crown Reserve Acquisition Corp. I in the 4th quarter valued at $928,000. Magnetar Financial LLC purchased a new position in Crown Reserve Acquisition Corp. I in the fourth quarter valued at about $14,761,000. Finally, Context Capital Management LLC purchased a new position in Crown Reserve Acquisition Corp. I in the fourth quarter valued at about $4,970,000.

Crown Reserve Acquisition Corp. I Stock Down 0.0%

CRAC opened at $10.12 on Friday. The company’s fifty day moving average price is $10.08. Crown Reserve Acquisition Corp. I has a twelve month low of $9.89 and a twelve month high of $10.12.

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.01) EPS for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Crown Reserve Acquisition Corp. I from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Crown Reserve Acquisition Corp. I Profile

Crown Reserve Acquisition Corp. I (NASDAQ: CRAC) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank‑check vehicle, the company was formed to raise capital through a public offering with the primary aim of identifying, negotiating and completing a business combination with one or more operating businesses. Prior to consummation of a qualifying transaction, Crown Reserve Acquisition Corp. I does not engage in substantive commercial operations beyond the activities necessary to carry out its formation and capital‑raising objectives.

The company’s principal activities include managing proceeds raised in its initial public offering, maintaining those funds in trust accounts, conducting due diligence on prospective targets and pursuing mergers, acquisitions or other strategic combinations that would enable the combined entity to become an operating public company.