Cubist Systematic Strategies LLC reduced its stake in M3-Brigade Acquisition III Corp. (NYSE:MBSC – Get Rating) by 7.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 238,974 shares of the company's stock after selling 20,252 shares during the period. Cubist Systematic Strategies LLC owned 0.64% of M3-Brigade Acquisition III worth $2,409,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in M3-Brigade Acquisition III in the first quarter valued at approximately $106,000. Eisler Capital UK Ltd. boosted its position in shares of M3-Brigade Acquisition III by 8.4% during the third quarter. Eisler Capital UK Ltd. now owns 190,000 shares of the company's stock worth $1,915,000 after buying an additional 14,662 shares during the period. Boothbay Fund Management LLC boosted its position in shares of M3-Brigade Acquisition III by 41.4% during the third quarter. Boothbay Fund Management LLC now owns 179,347 shares of the company's stock worth $1,810,000 after buying an additional 52,516 shares during the period. Exos TFP Holdings LLC acquired a new position in shares of M3-Brigade Acquisition III during the third quarter worth approximately $788,000. Finally, RPO LLC boosted its position in shares of M3-Brigade Acquisition III by 41.9% during the third quarter. RPO LLC now owns 543,475 shares of the company's stock worth $5,484,000 after buying an additional 160,490 shares during the period. 76.89% of the stock is currently owned by institutional investors and hedge funds.
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Shares of NYSE MBSC traded down $0.01 during midday trading on Thursday, hitting $10.18. 109,223 shares of the company's stock were exchanged, compared to its average volume of 32,487. The stock's 50 day moving average price is $10.09 and its 200-day moving average price is $10.06. M3-Brigade Acquisition III Corp. has a twelve month low of $9.80 and a twelve month high of $10.22.
About M3-Brigade Acquisition III
(Get Rating)M3-Brigade Acquisition III Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.
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