433,649 Shares in Berto Acquisition Corp. $TACO Bought by SkyView Investment Advisors LLC

SkyView Investment Advisors LLC acquired a new position in Berto Acquisition Corp. (NASDAQ:TACO) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 433,649 shares of the restaurant operator’s stock, valued at approximately $4,549,000. Berto Acquisition makes up 3.8% of SkyView Investment Advisors LLC’s holdings, making the stock its 3rd biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in TACO. Governors Lane LP acquired a new stake in shares of Berto Acquisition during the second quarter valued at about $14,162,000. Sona Asset Management US LLC purchased a new stake in shares of Berto Acquisition during the first quarter worth about $1,697,000. Berkley W R Corp lifted its stake in shares of Berto Acquisition by 77.9% in the first quarter. Berkley W R Corp now owns 1,822,598 shares of the restaurant operator’s stock worth $18,682,000 after acquiring an additional 797,864 shares in the last quarter. Lineage Point Capital LP acquired a new position in shares of Berto Acquisition in the fourth quarter worth about $4,862,000. Finally, Mercuria Capital Strategies LLC purchased a new position in Berto Acquisition in the fourth quarter valued at about $2,747,000.

Berto Acquisition Stock Down 0.1%

NASDAQ:TACO opened at $10.47 on Tuesday. The business’s 50 day moving average is $10.47 and its two-hundred day moving average is $10.38. Berto Acquisition Corp. has a 52 week low of $10.11 and a 52 week high of $10.65.

Berto Acquisition (NASDAQ:TACO) last issued its quarterly earnings results on Friday, August 14th. The restaurant operator reported $0.03 earnings per share for the quarter.

Wall Street Analyst Weigh In

TACO has been the subject of a number of recent analyst reports. Weiss Ratings upgraded Berto Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 24th. Wall Street Zen lowered Berto Acquisition from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Berto Acquisition Company Profile

Berto Acquisition Corp. (NASDAQ:TACO) is a special purpose acquisition company, or SPAC. Unlike an operating company, it was formed to raise capital through a public offering and use the proceeds to pursue a merger, share exchange, asset acquisition, or similar business combination with one or more private companies.

Because Berto Acquisition Corp. is a blank-check company, it does not have an established portfolio of products or services, operating divisions, or a defined customer base.