Public Employees Retirement System of Ohio Invests $40.98 Million in Liberty Media Acquisition Co. $LMACU

Public Employees Retirement System of Ohio purchased a new stake in Liberty Media Acquisition Co. (OTCMKTS:LMACU) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 431,309 shares of the company’s stock, valued at approximately $40,983,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LMACU. Silver Point Capital L.P. purchased a new stake in Liberty Media Acquisition during the second quarter worth about $350,000,000. Ancora Advisors LLC acquired a new position in Liberty Media Acquisition during the second quarter worth about $243,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Liberty Media Acquisition in the second quarter valued at about $30,445,000.

Liberty Media Acquisition Trading Up 0.3%

LMACU stock opened at $10.08 on Friday. The firm has a 50 day moving average of $10.08 and a 200-day moving average of $10.08. Liberty Media Acquisition Co. has a 12-month low of $9.80 and a 12-month high of $10.85.

Liberty Media Acquisition Company Profile

Liberty Media Acquisition Corporation (OTCMKTS: LMACU) is a special purpose acquisition company (SPAC) sponsored by Liberty Media Corporation. Incorporated in Delaware in early 2021, the firm raised capital through an initial public offering to pursue a business combination with one or more operating companies. As a blank check company, LMACU holds the net proceeds in a trust account pending the identification and completion of a qualifying transaction.

LMACU’s mandate is to seek strategic acquisitions primarily in the technology, media, telecommunications and consumer sectors.