Bank of Montreal Can bought a new position in shares of Black Mountain Acquisition Corp. (NYSE:BMAC – Get Rating) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 950,000 shares of the company's stock, valued at approximately $9,462,000. Bank of Montreal Can owned approximately 3.07% of Black Mountain Acquisition as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Beryl Capital Management LLC purchased a new stake in Black Mountain Acquisition during the 4th quarter worth approximately $7,299,000. Eisler Capital UK Ltd. acquired a new position in Black Mountain Acquisition in the 4th quarter valued at $2,496,000. Finally, Starboard Value LP acquired a new position in Black Mountain Acquisition in the 4th quarter valued at $2,364,000. Institutional investors and hedge funds own 70.34% of the company's stock.

Black Mountain Acquisition Stock Performance

BMAC opened at $9.98 on Wednesday. Black Mountain Acquisition Corp. has a twelve month low of $9.76 and a twelve month high of $10.06. The firm's 50-day moving average price is $9.98 and its 200 day moving average price is $9.95.

Black Mountain Acquisition Profile

Black Mountain Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Fort Worth, Texas.

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