Cubist Systematic Strategies LLC raised its holdings in AltEnergy Acquisition Corp. (NASDAQ:AEAE – Get Rating) by 34.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 706,265 shares of the company's stock after purchasing an additional 180,141 shares during the period. Cubist Systematic Strategies LLC owned 2.46% of AltEnergy Acquisition worth $7,013,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. CI Investments Inc. purchased a new position in AltEnergy Acquisition during the first quarter valued at approximately $37,000. Wolverine Asset Management LLC purchased a new position in AltEnergy Acquisition during the second quarter valued at approximately $103,000. Bulldog Investors LLP purchased a new position in AltEnergy Acquisition during the second quarter valued at approximately $141,000. Woodline Partners LP purchased a new position in AltEnergy Acquisition during the first quarter valued at approximately $149,000. Finally, Highland Capital Management Fund Advisors L.P. purchased a new position in AltEnergy Acquisition during the first quarter valued at approximately $252,000. Hedge funds and other institutional investors own 60.25% of the company's stock.

AltEnergy Acquisition Stock Performance

Shares of AltEnergy Acquisition stock opened at $10.15 on Friday. AltEnergy Acquisition Corp. has a 1 year low of $3.85 and a 1 year high of $10.78. The company has a 50 day simple moving average of $10.06 and a two-hundred day simple moving average of $10.00.

AltEnergy Acquisition Company Profile

AltEnergy Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar transaction with one or more businesses. It intends to acquire and operate businesses in the renewable energy or related clean technology sectors.

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