Weiss Asset Management LP Makes New $4.03 Million Investment in Metals Acquisition Corp (NYSE:MTAL)

Weiss Asset Management LP acquired a new stake in Metals Acquisition Corp (NYSE:MTAL – Get Rating) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 410,601 shares of the company’s stock, valued at approximately $4,026,000. Weiss Asset Management LP owned 1.24% of Metals Acquisition as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the business. Aristeia Capital LLC acquired a new stake in Metals Acquisition during the 3rd quarter worth approximately $6,631,000. Mackenzie Financial Corp purchased a new position in Metals Acquisition in the first quarter valued at $1,992,000. Citigroup Inc. grew its stake in Metals Acquisition by 26.3% during the 1st quarter. Citigroup Inc. now owns 300,001 shares of the company’s stock worth $2,988,000 after purchasing an additional 62,500 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Metals Acquisition during the 3rd quarter worth about $386,000. Finally, FNY Investment Advisers LLC increased its holdings in Metals Acquisition by 22.1% during the 3rd quarter. FNY Investment Advisers LLC now owns 213,332 shares of the company’s stock worth $2,086,000 after purchasing an additional 38,552 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

Metals Acquisition Trading Up 0.1 %

Shares of MTAL opened at $10.19 on Friday. Metals Acquisition Corp has a 1 year low of $9.65 and a 1 year high of $10.23. The stock has a 50-day simple moving average of $10.12 and a 200-day simple moving average of $9.96.

Metals Acquisition Company Profile

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Metals Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus its search on metals and mining businesses. Metals Acquisition Corp was incorporated in 2021 and is based in Fort Worth, Texas.