Mizuho Markets Americas LLC acquired a new stake in Logistics Innovation Technologies Corp. (NASDAQ:LITT – Get Rating) in the third quarter, HoldingsChannel.com reports. The firm acquired 1,400,000 shares of the company's stock, valued at approximately $13,678,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LITT. P Schoenfeld Asset Management LP purchased a new stake in Logistics Innovation Technologies in the first quarter valued at approximately $3,400,000. Basso Capital Management L.P. purchased a new stake in Logistics Innovation Technologies in the first quarter valued at approximately $63,000. UBS Group AG lifted its stake in Logistics Innovation Technologies by 189.3% in the first quarter. UBS Group AG now owns 2,598 shares of the company's stock valued at $25,000 after buying an additional 1,700 shares during the last quarter. RP Investment Advisors LP purchased a new stake in Logistics Innovation Technologies in the first quarter valued at approximately $3,173,000. Finally, TIG Advisors LLC lifted its stake in Logistics Innovation Technologies by 5.3% in the first quarter. TIG Advisors LLC now owns 529,340 shares of the company's stock valued at $5,143,000 after buying an additional 26,678 shares during the last quarter. Hedge funds and other institutional investors own 68.66% of the company's stock.

Logistics Innovation Technologies Stock Performance

NASDAQ LITT remained flat at $9.95 on Friday. The company's stock had a trading volume of 46,042 shares, compared to its average volume of 112,623. Logistics Innovation Technologies Corp. has a one year low of $9.61 and a one year high of $9.97. The company's 50-day moving average is $9.87 and its 200-day moving average is $9.80.

Logistics Innovation Technologies 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.

Further Reading

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