AI Infrastructure Acquisition (NYSE:AIIA) Posts Earnings Results

AI Infrastructure Acquisition (NYSE:AIIA) released its quarterly earnings results on Friday. The company reported $0.06 earnings per share for the quarter, FiscalAI reports.

AI Infrastructure Acquisition Stock Performance

AIIA opened at $10.21 on Friday. AI Infrastructure Acquisition has a twelve month low of $9.85 and a twelve month high of $10.25. The company has a 50-day moving average of $10.18.

Institutional Investors Weigh In On AI Infrastructure Acquisition

Hedge funds have recently modified their holdings of the stock. Berkley W R Corp grew its holdings in AI Infrastructure Acquisition by 63.6% during the first quarter. Berkley W R Corp now owns 330,294 shares of the company’s stock valued at $3,313,000 after purchasing an additional 128,425 shares during the period. Sona Asset Management US LLC bought a new stake in shares of AI Infrastructure Acquisition in the first quarter valued at $1,543,000. Finally, PNC Financial Services Group Inc. purchased a new position in shares of AI Infrastructure Acquisition during the 1st quarter valued at $1,504,000.

Analysts Set New Price Targets

Separately, Weiss Ratings raised AI Infrastructure Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Sell rating, According to MarketBeat, AI Infrastructure Acquisition currently has a consensus rating of “Sell”.

About AI Infrastructure Acquisition

AI Infrastructure Acquisition Corp is a blank check company.