CSLM Digital Asset Acquisition Corp III, Ltd $KOYN Holdings Decreased by Context Capital Management LLC

Context Capital Management LLC decreased its stake in shares of CSLM Digital Asset Acquisition Corp III, Ltd (NASDAQ:KOYN) by 33.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 350,000 shares of the company’s stock after selling 175,000 shares during the period. Context Capital Management LLC’s holdings in CSLM Digital Asset Acquisition Corp III were worth $3,594,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Sona Asset Management US LLC acquired a new stake in shares of CSLM Digital Asset Acquisition Corp III during the first quarter worth $3,514,000. Rivernorth Capital Management LLC bought a new stake in CSLM Digital Asset Acquisition Corp III in the 1st quarter valued at $5,015,000. Finally, Wealthspring Capital LLC acquired a new position in CSLM Digital Asset Acquisition Corp III in the 3rd quarter worth $6,069,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded CSLM Digital Asset Acquisition Corp III from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

CSLM Digital Asset Acquisition Corp III Stock Performance

Shares of NASDAQ KOYN opened at $10.29 on Wednesday. The business has a 50-day moving average of $10.25 and a 200-day moving average of $10.15. CSLM Digital Asset Acquisition Corp III, Ltd has a fifty-two week low of $9.92 and a fifty-two week high of $10.30.

CSLM Digital Asset Acquisition Corp III (NASDAQ:KOYN) last released its earnings results on Friday, November 6th. The company reported $0.07 earnings per share (EPS) for the quarter.

About CSLM Digital Asset Acquisition Corp III

CSLM Digital Asset Acquisition Corp III is a special purpose acquisition company (SPAC), a type of company formed to pursue a merger or other business combination with an operating business. It does not have a standalone portfolio of products or services. The company’s stated focus is on identifying a business combination opportunity in the digital asset sector. Its activities are therefore centered on evaluating and pursuing a potential transaction rather than operating a digital asset business itself.