UBS Oconnor LLC lowered its position in shares of Black Mountain Acquisition Corp. (NYSE:BMAC – Get Rating) by 9.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 429,521 shares of the company's stock after selling 42,999 shares during the period. UBS Oconnor LLC owned 1.24% of Black Mountain Acquisition worth $4,308,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of BMAC. Centiva Capital LP acquired a new stake in Black Mountain Acquisition in the second quarter worth about $102,000. Dark Forest Capital Management LP lifted its holdings in Black Mountain Acquisition by 227.3% in the second quarter. Dark Forest Capital Management LP now owns 16,893 shares of the company's stock worth $168,000 after purchasing an additional 11,731 shares during the period. Millennium Management LLC acquired a new stake in Black Mountain Acquisition in the second quarter worth about $1,062,000. Virtu Financial LLC acquired a new stake in Black Mountain Acquisition in the 2nd quarter valued at about $293,000. Finally, Bank of Montreal Can lifted its holdings in Black Mountain Acquisition by 81.1% in the 2nd quarter. Bank of Montreal Can now owns 1,720,411 shares of the company's stock valued at $17,204,000 after acquiring an additional 770,411 shares during the last quarter. Institutional investors own 70.69% of the company's stock.
Get Black Mountain Acquisition alerts:Black Mountain Acquisition Price Performance
Shares of NYSE BMAC opened at $10.30 on Friday. Black Mountain Acquisition Corp. has a twelve month low of $9.85 and a twelve month high of $10.31. The firm has a 50-day moving average of $10.23 and a two-hundred day moving average of $10.11.
About Black Mountain Acquisition
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Black Mountain 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 Fort Worth, Texas.
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