Lake Superior Acquisition (NASDAQ:LKSP) Releases Quarterly Earnings Results

Lake Superior Acquisition (NASDAQ:LKSP) issued its quarterly earnings results on Wednesday. The company reported $0.04 EPS for the quarter, Zacks reports.

Lake Superior Acquisition Trading Down 0.0%

LKSP traded down $0.01 during trading hours on Wednesday, hitting $10.11. 2,896 shares of the company’s stock were exchanged, compared to its average volume of 6,650. Lake Superior Acquisition has a 1-year low of $9.89 and a 1-year high of $10.11. The firm has a 50-day moving average price of $10.05.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Lake Superior Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Lake Superior Acquisition currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Lake Superior Acquisition

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Arbitrage LLC acquired a new position in shares of Lake Superior Acquisition during the 4th quarter worth about $5,414,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Lake Superior Acquisition in the fourth quarter valued at about $4,970,000. Hudson Bay Capital Management LP bought a new stake in Lake Superior Acquisition during the fourth quarter worth about $4,175,000. Polar Asset Management Partners Inc. acquired a new position in Lake Superior Acquisition during the fourth quarter valued at approximately $4,171,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in Lake Superior Acquisition during the fourth quarter valued at approximately $3,472,000.

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.