HighTower Advisors LLC purchased a new stake in Cartica Acquisition Corp (NASDAQ:CITE – Get Rating) during the 1st quarter, Holdings Channel reports. The fund purchased 305,012 shares of the company's stock, valued at approximately $3,048,000.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Picton Mahoney Asset Management purchased a new stake in shares of Cartica Acquisition in the first quarter valued at about $2,499,000. Highbridge Capital Management LLC purchased a new stake in shares of Cartica Acquisition in the first quarter valued at about $2,717,000. Context Capital Management LLC purchased a new stake in shares of Cartica Acquisition in the first quarter valued at about $3,000,000. Finally, Lynwood Capital Management Inc. purchased a new stake in shares of Cartica Acquisition in the first quarter valued at about $132,000. Hedge funds and other institutional investors own 67.29% of the company's stock.
Get Cartica Acquisition alerts:Cartica Acquisition Trading Up 0.1 %
Shares of NASDAQ CITE opened at $10.09 on Monday. Cartica Acquisition Corp has a 12-month low of $9.80 and a 12-month high of $10.14. The firm has a 50-day simple moving average of $10.04.
Cartica Acquisition Profile
(Get Rating)Cartica Acquisition Corp does not have any significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to identify and complete a business combination in the technology sector in India.
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