MYDA Advisors LLC Purchases New Shares in Blue Water Acquisition Corp. III $BLUW

MYDA Advisors LLC purchased a new stake in Blue Water Acquisition Corp. III (NASDAQ:BLUW) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 300,000 shares of the company’s stock, valued at approximately $3,096,000. MYDA Advisors LLC owned 1.07% of Blue Water Acquisition Corp. III as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BLUW. Schonfeld Strategic Advisors LLC acquired a new position in shares of Blue Water Acquisition Corp. III in the 3rd quarter valued at $399,000. Bulldog Investors LLP acquired a new position in shares of Blue Water Acquisition Corp. III in the 3rd quarter valued at $414,000. Context Capital Management LLC acquired a new position in shares of Blue Water Acquisition Corp. III in the 3rd quarter valued at $498,000. Geode Capital Management LLC boosted its position in shares of Blue Water Acquisition Corp. III by 193.0% in the 4th quarter. Geode Capital Management LLC now owns 61,427 shares of the company’s stock valued at $634,000 after purchasing an additional 40,463 shares during the period. Finally, Crossingbridge Advisors LLC acquired a new position in shares of Blue Water Acquisition Corp. III in the 3rd quarter valued at $979,000.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Blue Water Acquisition Corp. III to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings upgraded Blue Water Acquisition Corp. III from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Blue Water Acquisition Corp. III has a consensus rating of “Sell”.

Blue Water Acquisition Corp. III Stock Performance

Shares of NASDAQ BLUW opened at $10.31 on Monday. Blue Water Acquisition Corp. III has a one year low of $9.93 and a one year high of $10.41. The business has a 50-day moving average price of $10.27 and a two-hundred day moving average price of $10.29.

Blue Water Acquisition Corp. III (NASDAQ:BLUW) last announced its quarterly earnings data on Tuesday, April 14th. The company reported ($0.03) EPS for the quarter.

Blue Water Acquisition Corp. III Profile

Blue Water Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Greenwich, Connecticut.