Cantor Fitzgerald L. P. lifted its holdings in shares of M3-Brigade Acquisition V Corp. (NASDAQ:MBAV – Free Report) by 836.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,338 shares of the company’s stock after acquiring an additional 137,853 shares during the quarter. Cantor Fitzgerald L. P. owned about 0.43% of M3-Brigade Acquisition V worth $1,628,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Harraden Circle Investments LLC acquired a new stake in M3-Brigade Acquisition V in the 2nd quarter valued at $28,818,000. Alberta Investment Management Corp purchased a new position in M3-Brigade Acquisition V in the second quarter valued at about $27,943,000. Magnetar Financial LLC acquired a new position in shares of M3-Brigade Acquisition V during the second quarter worth about $26,254,000. Polar Asset Management Partners Inc. boosted its position in shares of M3-Brigade Acquisition V by 64.3% in the third quarter. Polar Asset Management Partners Inc. now owns 1,200,005 shares of the company’s stock worth $12,660,000 after buying an additional 469,678 shares during the period. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. boosted its position in shares of M3-Brigade Acquisition V by 58.3% in the third quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 1,187,500 shares of the company’s stock worth $12,528,000 after buying an additional 437,500 shares during the period.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on MBAV shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of M3-Brigade Acquisition V in a research note on Monday, December 22nd. Wall Street Zen upgraded M3-Brigade Acquisition V to a “sell” rating in a report on Saturday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, M3-Brigade Acquisition V currently has an average rating of “Sell”.
Insider Activity
In other news, major shareholder Fitzgerald & Co. Cantor acquired 3,529,081 shares of M3-Brigade Acquisition V stock in a transaction that occurred on Wednesday, December 17th. The shares were purchased at an average cost of $10.80 per share, for a total transaction of $38,114,074.80. Following the completion of the purchase, the insider directly owned 7,779,865 shares of the company’s stock, valued at $84,022,542. This trade represents a 83.02% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
M3-Brigade Acquisition V Trading Down 0.5%
Shares of MBAV opened at $10.70 on Friday. The stock has a 50 day moving average of $10.67 and a 200-day moving average of $10.62. M3-Brigade Acquisition V Corp. has a 52 week low of $10.19 and a 52 week high of $13.73.
M3-Brigade Acquisition V Company Profile
M3-Brigade Acquisition V is a special purpose acquisition company (SPAC) sponsored by M3 Inc, a global healthcare information and technology provider, and Brigade Capital Management, an investment management firm. The company is structured as a blank‐check vehicle listed on the Nasdaq Stock Market under the ticker MBAV, with the objective of identifying and completing a business combination in the healthcare, life sciences or related sectors.
The company benefits from the operational expertise of M3’s digital health platform and real‐world data capabilities, combined with Brigade’s deep experience in credit and asset management.
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