Highbridge Capital Management LLC Sells 95,500 Shares of American Exceptionalism Acquisition Corp. $AEXA

Highbridge Capital Management LLC reduced its stake in American Exceptionalism Acquisition Corp. (NYSE:AEXA) by 44.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 117,000 shares of the company’s stock after selling 95,500 shares during the quarter. Highbridge Capital Management LLC’s holdings in American Exceptionalism Acquisition were worth $1,333,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of AEXA. Allianz Asset Management GmbH bought a new stake in American Exceptionalism Acquisition in the 3rd quarter valued at $9,837,000. JPMorgan Chase & Co. bought a new stake in American Exceptionalism Acquisition in the 3rd quarter valued at $2,325,000. Alberta Investment Management Corp bought a new stake in American Exceptionalism Acquisition in the 3rd quarter valued at $12,023,000. Graham Capital Wealth Management LLC bought a new stake in American Exceptionalism Acquisition in the 3rd quarter valued at $463,000. Finally, MMCAP International Inc. SPC bought a new stake in American Exceptionalism Acquisition in the 3rd quarter valued at $6,898,000.

American Exceptionalism Acquisition Trading Down 1.2%

Shares of NYSE:AEXA opened at $11.23 on Friday. American Exceptionalism Acquisition Corp. has a 12 month low of $10.49 and a 12 month high of $11.91. The company has a 50-day moving average price of $11.25 and a 200 day moving average price of $11.26. The company has a market cap of $555.24 million and a price-to-earnings ratio of 187.10.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of American Exceptionalism Acquisition in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, American Exceptionalism Acquisition has a consensus rating of “Sell”.

American Exceptionalism Acquisition Profile

We are led by Chamath Palihapitiya, the founder and Managing Partner of Social Capital. Like Social Capital, the company is formed to confront the world’s hardest problems. Although these problems have evolved over the past decade, our approach remains the same—with a dedication to first principles thinking, deep technological understanding and a willingness to be contrarian to consensus. — We intend to find companies that operate in sectors that we believe will be instrumental in maintaining U.S.