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Woodline Partners LP Grows Stake in AltEnergy Acquisition Corp. (NASDAQ:AEAE)

Defense World ·  Dec 12, 2022 06:31

Woodline Partners LP lifted its position in AltEnergy Acquisition Corp. (NASDAQ:AEAE – Get Rating) by 2,900.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 450,000 shares of the company's stock after buying an additional 435,000 shares during the period. Woodline Partners LP owned approximately 1.57% of AltEnergy Acquisition worth $4,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Centiva Capital LP boosted its stake in shares of AltEnergy Acquisition by 272.7% in the 2nd quarter. Centiva Capital LP now owns 372,716 shares of the company's stock worth $3,720,000 after buying an additional 272,716 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in AltEnergy Acquisition during the first quarter valued at $2,986,000. Verition Fund Management LLC purchased a new position in AltEnergy Acquisition during the first quarter valued at $3,735,000. Highbridge Capital Management LLC lifted its position in AltEnergy Acquisition by 35.4% during the first quarter. Highbridge Capital Management LLC now owns 559,681 shares of the company's stock valued at $5,546,000 after purchasing an additional 146,408 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in AltEnergy Acquisition by 34.2% during the second quarter. Cubist Systematic Strategies LLC now owns 706,265 shares of the company's stock valued at $7,013,000 after purchasing an additional 180,141 shares in the last quarter. 60.25% of the stock is currently owned by hedge funds and other institutional investors.

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AltEnergy Acquisition Trading Down 0.0 %

NASDAQ AEAE opened at $10.15 on Monday. The business's fifty day moving average is $10.06 and its 200 day moving average is $10.00. AltEnergy Acquisition Corp. has a fifty-two week low of $3.85 and a fifty-two week high of $10.78.

About AltEnergy Acquisition

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AltEnergy Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar transaction with one or more businesses. It intends to acquire and operate businesses in the renewable energy or related clean technology sectors.

Further Reading

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