Aristeia Capital L.L.C. acquired a new stake in shares of Lake Superior Acquisition Corp (NASDAQ:LKSP – Free Report) in the 4th quarter, HoldingsChannel reports. The firm acquired 420,000 shares of the company’s stock, valued at approximately $4,166,000.
Several other institutional investors have also added to or reduced their stakes in the company. Context Capital Management LLC acquired a new position in shares of Lake Superior Acquisition during the fourth quarter worth $1,736,000. Westchester Capital Management LLC bought a new stake in shares of Lake Superior Acquisition in the fourth quarter worth $1,988,000. Radcliffe Capital Management L.P. bought a new stake in Lake Superior Acquisition during the fourth quarter valued at $2,083,000. Heights Capital Management Inc. bought a new stake in Lake Superior Acquisition during the fourth quarter valued at $2,087,000. Finally, Clear Street Group Inc. bought a new stake in Lake Superior Acquisition during the fourth quarter valued at $2,976,000.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded shares of Lake Superior Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.
Lake Superior Acquisition Stock Down 0.0%
NASDAQ:LKSP opened at $10.14 on Thursday. Lake Superior Acquisition Corp has a 52 week low of $9.89 and a 52 week high of $10.15. The company has a 50-day moving average price of $10.10.
Lake Superior Acquisition (NASDAQ:LKSP – Get Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.04 EPS for the quarter.
Lake Superior Acquisition Company Profile
Lake Superior Acquisition Corp. (NASDAQ: LKSP) is a special purpose acquisition company (SPAC) formed to identify, acquire or merge with one or more businesses. As a blank‑check vehicle, its principal purpose is to raise capital in the public markets and use those proceeds, typically held in trust, to complete a business combination that delivers an operating company to public investors.
The company’s primary activities center on sourcing, negotiating and consummating an initial business combination.
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