Alyeska Investment Group L.P. purchased a new stake in shares of Montes Archimedes Acquisition Corp. (NASDAQ:MAAC) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 501,984 shares of the company’s stock, valued at approximately $4,909,000. Alyeska Investment Group L.P. owned 0.95% of Montes Archimedes Acquisition as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Panagora Asset Management Inc. acquired a new stake in Montes Archimedes Acquisition during the first quarter valued at $87,000. Wolverine Asset Management LLC grew its position in Montes Archimedes Acquisition by 11.1% during the first quarter. Wolverine Asset Management LLC now owns 107,141 shares of the company’s stock valued at $1,047,000 after buying an additional 10,707 shares during the period. Warberg Asset Management LLC acquired a new stake in Montes Archimedes Acquisition during the fourth quarter valued at $141,000. Ionic Capital Management LLC purchased a new position in Montes Archimedes Acquisition during the fourth quarter valued at $222,000. Finally, Parallax Volatility Advisers L.P. purchased a new position in Montes Archimedes Acquisition during the first quarter valued at $249,000. Institutional investors own 53.32% of the company’s stock.
MAAC opened at $9.90 on Thursday. Montes Archimedes Acquisition Corp. has a 52-week low of $9.61 and a 52-week high of $10.87. The firm’s fifty day moving average is $9.89.
Montes Archimedes Acquisition Corp. focuses to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was incorporated in 2020 and is based in Menlo Park, California.
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