Sage Mountain Advisors LLC trimmed its position in shares of Atlantic Coastal Acquisition Corp. (NASDAQ:ACAH – Get Rating) by 10.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 274,894 shares of the company's stock after selling 33,557 shares during the quarter. Atlantic Coastal Acquisition accounts for 0.4% of Sage Mountain Advisors LLC's portfolio, making the stock its 28th largest position. Sage Mountain Advisors LLC's holdings in Atlantic Coastal Acquisition were worth $2,688,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in shares of Atlantic Coastal Acquisition in the first quarter valued at about $34,000. Graham Capital Wealth Management LLC acquired a new stake in shares of Atlantic Coastal Acquisition in the first quarter valued at about $98,000. Highbridge Capital Management LLC acquired a new stake in shares of Atlantic Coastal Acquisition in the first quarter valued at about $108,000. Ergoteles LLC acquired a new stake in shares of Atlantic Coastal Acquisition in the first quarter valued at about $233,000. Finally, Cheyne Capital Management UK LLP acquired a new stake in shares of Atlantic Coastal Acquisition in the first quarter valued at about $327,000. 73.99% of the stock is owned by institutional investors.

Atlantic Coastal Acquisition Price Performance

Shares of NASDAQ:ACAH traded up $0.01 during midday trading on Monday, reaching $9.86. The company had a trading volume of 500 shares, compared to its average volume of 61,967. The business's 50 day moving average price is $9.82 and its 200 day moving average price is $9.80. Atlantic Coastal Acquisition Corp. has a 1-year low of $9.68 and a 1-year high of $9.95.

Atlantic Coastal Acquisition Profile

Atlantic Coastal 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 in mobility sector. The company was incorporated in 2020 and is based in New York, New York.

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