SkyView Investment Advisors LLC Makes New Investment in Freedom Acquisition I Corp. $FACT

SkyView Investment Advisors LLC bought a new position in shares of Freedom Acquisition I Corp. (NASDAQ:FACT) in the second quarter, HoldingsChannel reports. The firm bought 50,000 shares of the company’s stock, valued at approximately $532,000.

Other hedge funds have also modified their holdings of the company. Radcliffe Capital Management L.P. raised its position in Freedom Acquisition I by 4.7% during the fourth quarter. Radcliffe Capital Management L.P. now owns 523,289 shares of the company’s stock worth $5,447,000 after acquiring an additional 23,289 shares during the last quarter. Berkley W R Corp grew its position in shares of Freedom Acquisition I by 14.2% in the first quarter. Berkley W R Corp now owns 325,445 shares of the company’s stock valued at $3,417,000 after purchasing an additional 40,363 shares during the last quarter. Clear Street Group Inc. grew its position in shares of Freedom Acquisition I by 52.6% in the fourth quarter. Clear Street Group Inc. now owns 67,306 shares of the company’s stock valued at $701,000 after purchasing an additional 23,209 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of Freedom Acquisition I during the 2nd quarter worth approximately $204,000. Finally, Rangeley Capital LLC purchased a new position in shares of Freedom Acquisition I during the 1st quarter worth approximately $163,000. 55.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Freedom Acquisition I from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Freedom Acquisition I Price Performance

Shares of FACT stock opened at $10.72 on Tuesday. The firm has a 50-day moving average price of $10.67 and a 200 day moving average price of $10.61. Freedom Acquisition I Corp. has a twelve month low of $10.28 and a twelve month high of $10.75.

Freedom Acquisition I (NASDAQ:FACT) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.04 earnings per share (EPS) for the quarter.

Freedom Acquisition I Profile

Freedom Acquisition I Corp. was a special purpose acquisition company (SPAC) formed to identify and combine with a business in the technology, media, telecommunications, or related sectors. As a blank-check company, it did not operate a commercial business or offer products and services of its own before completing a business combination.

The company announced a merger with Complete Solaria, Inc, a provider of residential solar services. Complete Solaria offers solar system design and installation, financing solutions, battery storage, and related software and customer services.