GS ACQUISITION /SH CL A (NYSE:GSAH) Sees Strong Trading Volume

GS ACQUISITION /SH CL A (NYSE:GSAH) shares saw an uptick in trading volume on Monday . 2,611,014 shares were traded during mid-day trading, an increase of 1,650% from the previous session’s volume of 149,161 shares.The stock last traded at $10.35 and had previously closed at $10.23.

The company has a market capitalization of $882.34 million, a price-to-earnings ratio of 93.00 and a beta of 0.07. The company has a 50 day moving average price of $10.25 and a 200 day moving average price of $10.20.

A number of hedge funds have recently bought and sold shares of GSAH. Mizuho Securities USA LLC lifted its holdings in GS ACQUISITION /SH CL A by 329.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 214,962 shares of the company’s stock valued at $2,193,000 after buying an additional 164,962 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of GS ACQUISITION /SH CL A during the second quarter worth approximately $2,930,000. Finally, California Public Employees Retirement System raised its stake in shares of GS ACQUISITION /SH CL A by 492.5% during the third quarter. California Public Employees Retirement System now owns 123,804 shares of the company’s stock valued at $1,263,000 after acquiring an additional 102,908 shares in the last quarter. 41.77% of the stock is currently owned by institutional investors and hedge funds.

About GS ACQUISITION /SH CL A (NYSE:GSAH)

GS Acquisition Holdings 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 founded in 2016 and is based in New York, New York.

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