Context Capital Management LLC reduced its position in Launch Two Acquisition Corp. (NASDAQ:LPBB – Free Report) by 33.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 125,000 shares of the company’s stock after selling 62,500 shares during the quarter. Context Capital Management LLC’s holdings in Launch Two Acquisition were worth $1,353,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the company. Berkley W R Corp grew its holdings in shares of Launch Two Acquisition by 33.4% during the 1st quarter. Berkley W R Corp now owns 816,717 shares of the company’s stock worth $8,674,000 after purchasing an additional 204,545 shares during the period. Sona Asset Management US LLC acquired a new stake in Launch Two Acquisition during the 1st quarter worth approximately $1,062,000. Finally, DLD Asset Management LP acquired a new stake in Launch Two Acquisition during the 1st quarter worth approximately $137,000.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded shares of Launch Two Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 9th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Launch Two Acquisition has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on LPBB
Launch Two Acquisition Price Performance
Shares of LPBB stock opened at $10.82 on Wednesday. The company’s fifty day simple moving average is $10.81 and its 200-day simple moving average is $10.71. Launch Two Acquisition Corp. has a 52 week low of $10.46 and a 52 week high of $10.85.
Launch Two Acquisition (NASDAQ:LPBB – Get Free Report) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.04 earnings per share for the quarter.
Launch Two Acquisition Company Profile
Launch Two Acquisition Corp. is a special purpose acquisition company formed to pursue a business combination with one or more existing businesses. Such a transaction may take the form of a merger, share exchange, asset acquisition, share purchase, reorganization or similar combination. The company does not have an established operating business or its own portfolio of products and services. Its activities center on identifying and evaluating a potential transaction and, if one is selected, seeking to complete it.
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