Wolverine Asset Management LLC Cuts Position in Lakeshore Acquisition I Corp. (NASDAQ:LAAA)

Wolverine Asset Management LLC lessened its stake in Lakeshore Acquisition I Corp. (NASDAQ:LAAAGet Rating) by 29.5% in the first quarter, HoldingsChannel.com reports. The firm owned 15,212 shares of the company’s stock after selling 6,358 shares during the quarter. Wolverine Asset Management LLC’s holdings in Lakeshore Acquisition I were worth $150,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. B. Riley Asset Management LLC purchased a new position in shares of Lakeshore Acquisition I in the 4th quarter valued at about $629,000. Whitebox Advisors LLC increased its holdings in Lakeshore Acquisition I by 33.3% during the 4th quarter. Whitebox Advisors LLC now owns 80,000 shares of the company’s stock valued at $789,000 after acquiring an additional 20,000 shares in the last quarter. Walleye Capital LLC purchased a new position in Lakeshore Acquisition I during the 4th quarter valued at about $811,000. Saba Capital Management L.P. increased its holdings in Lakeshore Acquisition I by 31.2% during the 4th quarter. Saba Capital Management L.P. now owns 105,035 shares of the company’s stock valued at $1,036,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Karpus Management Inc. increased its holdings in Lakeshore Acquisition I by 245.4% during the 4th quarter. Karpus Management Inc. now owns 410,150 shares of the company’s stock valued at $4,044,000 after acquiring an additional 291,400 shares in the last quarter. Hedge funds and other institutional investors own 61.09% of the company’s stock.

Lakeshore Acquisition I Stock Performance

NASDAQ:LAAA opened at $9.94 on Wednesday. The firm has a 50-day moving average price of $9.98 and a two-hundred day moving average price of $9.93. Lakeshore Acquisition I Corp. has a twelve month low of $9.58 and a twelve month high of $10.91.

Lakeshore Acquisition I Profile

(Get Rating)

Lakeshore Acquisition I Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Shanghai, China.

See Also

Want to see what other hedge funds are holding LAAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lakeshore Acquisition I Corp. (NASDAQ:LAAAGet Rating).

Institutional Ownership by Quarter for Lakeshore Acquisition I (NASDAQ:LAAA)

Receive News & Ratings for Lakeshore Acquisition I Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lakeshore Acquisition I and related companies with MarketBeat.com's FREE daily email newsletter.