Sona Asset Management US LLC Takes $1.57 Million Position in Highview Merger Corp. $HVMC

Sona Asset Management US LLC acquired a new stake in Highview Merger Corp. (NASDAQ:HVMC) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 156,076 shares of the company’s stock, valued at approximately $1,569,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mint Tower Capital Management B.V. bought a new position in shares of Highview Merger in the fourth quarter valued at approximately $250,000. Boothbay Fund Management LLC bought a new stake in shares of Highview Merger during the 4th quarter worth $250,000. Virtu Financial LLC acquired a new position in Highview Merger in the 4th quarter valued at $252,000. Meteora Capital LLC acquired a new position in Highview Merger in the 4th quarter valued at $1,000,000. Finally, DLD Asset Management LP bought a new position in Highview Merger in the 4th quarter worth $1,003,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Highview Merger in a research report on Thursday, July 2nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Highview Merger presently has a consensus rating of “Sell”.

Highview Merger Price Performance

Shares of HVMC stock opened at $10.19 on Monday. Highview Merger Corp. has a one year low of $9.93 and a one year high of $10.20. The business has a fifty day moving average price of $10.18.

Highview Merger (NASDAQ:HVMC) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.06 earnings per share (EPS) for the quarter.

About Highview Merger

We are a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.