Citigroup Inc. reduced its stake in HCM Acquisition Corp (NASDAQ:HCMA – Free Report) by 11.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,381 shares of the company’s stock after selling 22,888 shares during the quarter. Citigroup Inc. owned about 0.55% of HCM Acquisition worth $1,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of the stock. Glazer Capital LLC purchased a new stake in shares of HCM Acquisition during the 1st quarter valued at $9,860,000. Polar Asset Management Partners Inc. purchased a new stake in HCM Acquisition during the first quarter valued at about $7,976,000. Starboard Value LP bought a new stake in HCM Acquisition during the first quarter worth about $7,478,000. Millennium Management LLC boosted its holdings in shares of HCM Acquisition by 57.0% in the 2nd quarter. Millennium Management LLC now owns 1,326,950 shares of the company’s stock worth $13,323,000 after purchasing an additional 481,500 shares in the last quarter. Finally, Saba Capital Management L.P. purchased a new position in shares of HCM Acquisition during the 1st quarter valued at about $3,490,000. 11.79% of the stock is currently owned by institutional investors.
HCM Acquisition Price Performance
Shares of HCMA opened at $10.88 on Thursday. HCM Acquisition Corp has a 1 year low of $10.04 and a 1 year high of $10.90. The stock has a 50 day simple moving average of $10.77 and a two-hundred day simple moving average of $10.61.
HCM Acquisition Profile
HCM Acquisition Corp does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. HCM Acquisition Corp was incorporated in 2021 and is based in Stamford, Connecticut.
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