Sculptor Capital LP increased its stake in shares of Logistics Innovation Technologies Corp. (NASDAQ:LITT – Get Rating) by 145.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,113,158 shares of the company's stock after buying an additional 660,071 shares during the quarter. Sculptor Capital LP owned about 2.61% of Logistics Innovation Technologies worth $10,814,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. UBS Group AG boosted its holdings in shares of Logistics Innovation Technologies by 189.3% in the 1st quarter. UBS Group AG now owns 2,598 shares of the company's stock valued at $25,000 after acquiring an additional 1,700 shares during the last quarter. Basso Capital Management L.P. purchased a new stake in Logistics Innovation Technologies in the first quarter valued at $63,000. Corbyn Investment Management Inc. MD acquired a new stake in Logistics Innovation Technologies during the 1st quarter worth about $163,000. RP Investment Advisors LP acquired a new position in shares of Logistics Innovation Technologies in the 1st quarter valued at about $3,173,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Logistics Innovation Technologies in the first quarter worth about $3,208,000. 65.40% of the stock is owned by institutional investors and hedge funds.

Logistics Innovation Technologies Price Performance

LITT opened at $9.75 on Thursday. Logistics Innovation Technologies Corp. has a fifty-two week low of $9.61 and a fifty-two week high of $9.85. The company has a fifty day moving average of $9.75 and a two-hundred day moving average of $9.73.

Logistics Innovation Technologies Company Profile

Logistics Innovation Technologies Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire businesses serving the senior market or capable of being repositioned to do so.

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