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Sculptor Capital LP Boosts Stock Position in Banner Acquisition Corp. (NASDAQ:BNNR)

Defense World ·  Sep 15, 2022 06:33

Sculptor Capital LP lifted its holdings in shares of Banner Acquisition Corp. (NASDAQ:BNNR – Get Rating) by 285.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 935,400 shares of the company's stock after buying an additional 692,898 shares during the period. Sculptor Capital LP owned about 4.99% of Banner Acquisition worth $9,214,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Highbridge Capital Management LLC raised its stake in shares of Banner Acquisition by 32.8% during the 1st quarter. Highbridge Capital Management LLC now owns 789,366 shares of the company's stock worth $7,775,000 after buying an additional 195,155 shares in the last quarter. Prelude Capital Management LLC purchased a new position in shares of Banner Acquisition during the 1st quarter worth approximately $612,000. Finally, Cohanzick Management LLC raised its stake in shares of Banner Acquisition by 299.9% during the 1st quarter. Cohanzick Management LLC now owns 8,597 shares of the company's stock worth $85,000 after buying an additional 6,447 shares in the last quarter. 65.07% of the stock is owned by hedge funds and other institutional investors.

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Banner Acquisition Stock Up 0.3 %

Shares of BNNR stock opened at $9.90 on Thursday. The stock's 50 day simple moving average is $9.89. Banner Acquisition Corp. has a 12-month low of $9.50 and a 12-month high of $16.00.

Banner Acquisition Company Profile

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Banner 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. The company was incorporated in 2021 and is based in Lehi, Utah.

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