Charlton Aria Acquisition (NASDAQ:CHAR) Announces Quarterly Earnings Results

Charlton Aria Acquisition (NASDAQ:CHAR) released its earnings results on Thursday. The company reported $0.05 EPS for the quarter, FiscalAI reports.

Charlton Aria Acquisition Trading Up 0.2%

Shares of NASDAQ CHAR opened at $10.91 on Friday. Charlton Aria Acquisition has a 1-year low of $10.30 and a 1-year high of $11.00. The stock has a fifty day moving average of $10.81.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Charlton Aria Acquisition in a report on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Charlton Aria Acquisition has a consensus rating of “Sell”.

Hedge Funds Weigh In On Charlton Aria Acquisition

Several institutional investors have recently modified their holdings of the company. ABC Arbitrage SA bought a new stake in Charlton Aria Acquisition in the 4th quarter valued at about $209,000. Glazer Capital LLC grew its position in Charlton Aria Acquisition by 5.3% in the 4th quarter. Glazer Capital LLC now owns 50,242 shares of the company’s stock worth $526,000 after purchasing an additional 2,528 shares during the last quarter. Sona Asset Management US LLC acquired a new stake in shares of Charlton Aria Acquisition in the first quarter valued at approximately $1,058,000. Clear Street Group Inc. increased its stake in shares of Charlton Aria Acquisition by 277.6% in the fourth quarter. Clear Street Group Inc. now owns 116,977 shares of the company’s stock valued at $1,222,000 after purchasing an additional 86,000 shares during the period. Finally, Berkley W R Corp raised its holdings in shares of Charlton Aria Acquisition by 19.4% during the first quarter. Berkley W R Corp now owns 878,975 shares of the company’s stock valued at $9,304,000 after buying an additional 142,746 shares during the last quarter.

Charlton Aria Acquisition Corp. (NASDAQ: CHAR) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank-check vehicle, its primary business purpose is to identify, negotiate and complete a business combination, merger, capital stock exchange, asset acquisition or similar transaction with one or more operating businesses. SPACs such as Charlton Aria raise capital through public offerings and seek to use those proceeds to acquire a private company and take it public through the combination.

Like other SPACs, Charlton Aria’s principal activities center on sourcing potential targets, conducting due diligence, negotiating transaction terms and securing shareholder and regulatory approvals for a proposed business combination.