Blue Water Acquisition Corp. III (NASDAQ:BLUW) Posts Quarterly Earnings Results

Blue Water Acquisition Corp. III (NASDAQ:BLUW) announced its quarterly earnings data on Friday. The company reported $0.08 EPS for the quarter, FiscalAI reports.

Blue Water Acquisition Corp. III Price Performance

NASDAQ:BLUW opened at $10.27 on Friday. The firm has a 50 day simple moving average of $10.28 and a 200-day simple moving average of $10.26. Blue Water Acquisition Corp. III has a 1-year low of $9.93 and a 1-year high of $10.41.

Hedge Funds Weigh In On Blue Water Acquisition Corp. III

A number of institutional investors have recently modified their holdings of the company. Anson Funds Management LP acquired a new position in shares of Blue Water Acquisition Corp. III in the fourth quarter valued at approximately $25,645,000. Harraden Circle Investments LLC acquired a new position in shares of Blue Water Acquisition Corp. III in the fourth quarter valued at approximately $17,779,000. Magnetar Financial LLC acquired a new position in shares of Blue Water Acquisition Corp. III in the third quarter valued at approximately $14,978,000. AQR Arbitrage LLC acquired a new position in shares of Blue Water Acquisition Corp. III in the third quarter valued at approximately $11,485,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in Blue Water Acquisition Corp. III during the third quarter worth approximately $9,970,000.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BLUW. Weiss Ratings upgraded shares of Blue Water Acquisition Corp. III from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, April 24th. Wall Street Zen upgraded shares of Blue Water Acquisition Corp. III to a “hold” rating in a research report on Saturday, February 28th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

About Blue Water Acquisition Corp. III

Blue Water Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Greenwich, Connecticut.