Sage Mountain Advisors LLC bought a new position in shares of AltC Acquisition Corp. (NYSE:ALCC – Get Rating) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 34,299 shares of the company's stock, valued at approximately $331,000. Sage Mountain Advisors LLC owned 0.07% of AltC Acquisition as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ALCC. TD Asset Management Inc. grew its holdings in AltC Acquisition by 27.3% during the first quarter. TD Asset Management Inc. now owns 1,018,700 shares of the company's stock worth $9,943,000 after acquiring an additional 218,700 shares during the period. Bank of Montreal Can acquired a new position in AltC Acquisition during the first quarter worth about $3,585,000. RP Investment Advisors LP purchased a new position in AltC Acquisition in the 1st quarter worth about $8,190,000. Rivernorth Capital Management LLC purchased a new position in AltC Acquisition in the 1st quarter worth about $1,336,000. Finally, Empyrean Capital Partners LP increased its stake in AltC Acquisition by 29.3% in the 1st quarter. Empyrean Capital Partners LP now owns 4,847,126 shares of the company's stock worth $47,308,000 after purchasing an additional 1,097,126 shares in the last quarter. 93.70% of the stock is owned by institutional investors and hedge funds.

AltC Acquisition Price Performance

Shares of ALCC opened at $9.89 on Wednesday. The business's 50-day moving average price is $9.83 and its 200 day moving average price is $9.75. AltC Acquisition Corp. has a 1-year low of $9.60 and a 1-year high of $9.93.

AltC Acquisition Profile

AltC Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was formerly known as Churchill Capital Corp VIII and changed its name to AltC Acquisition Corp.

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