Zimmer Partners LP Purchases New Shares in Decarbonization Plus Acquisition Co. (NASDAQ:DCRB)

Zimmer Partners LP purchased a new stake in shares of Decarbonization Plus Acquisition Co. (NASDAQ:DCRB) during the 1st quarter, Holdings Channel reports. The fund purchased 75,000 shares of the company’s stock, valued at approximately $787,000.

A number of other large investors also recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. purchased a new stake in Decarbonization Plus Acquisition during the 1st quarter valued at $776,000. EJF Capital LLC increased its stake in Decarbonization Plus Acquisition by 1,250.0% in the first quarter. EJF Capital LLC now owns 270,000 shares of the company’s stock worth $2,832,000 after purchasing an additional 250,000 shares during the period. Highland Capital Management Fund Advisors L.P. purchased a new stake in Decarbonization Plus Acquisition in the first quarter worth $105,000. Blackstone Group Inc. increased its stake in Decarbonization Plus Acquisition by 66.7% in the first quarter. Blackstone Group Inc. now owns 500,000 shares of the company’s stock worth $5,245,000 after purchasing an additional 200,000 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new stake in Decarbonization Plus Acquisition in the first quarter worth $5,596,000. Institutional investors own 45.98% of the company’s stock.

Shares of DCRB traded up $0.33 during midday trading on Thursday, reaching $10.33. 406,168 shares of the stock were exchanged, compared to its average volume of 319,622. Decarbonization Plus Acquisition Co. has a 52 week low of $9.87 and a 52 week high of $19.95. The firm has a 50 day moving average price of $10.26.

DCRB has been the topic of a number of recent analyst reports. Colliers Securities reiterated a “buy” rating on shares of Decarbonization Plus Acquisition in a research note on Thursday, July 1st. DA Davidson initiated coverage on Decarbonization Plus Acquisition in a research note on Monday, July 12th. They issued a “buy” rating and a $21.00 target price on the stock.

About Decarbonization Plus Acquisition

Decarbonization Plus Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to engage in the hydrogen fuel cell powered commercial vehicles business.

Further Reading: Cost of Debt

Want to see what other hedge funds are holding DCRB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Decarbonization Plus Acquisition Co. (NASDAQ:DCRB).

Institutional Ownership by Quarter for Decarbonization Plus Acquisition (NASDAQ:DCRB)

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