Hsbc Holdings PLC Lowers Stock Position in AltC Acquisition Corp. (NYSE:ALCC)

Hsbc Holdings PLC lessened its stake in shares of AltC Acquisition Corp. (NYSE:ALCCFree Report) by 50.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 242,188 shares of the company’s stock after selling 249,999 shares during the quarter. Hsbc Holdings PLC owned 0.79% of AltC Acquisition worth $2,572,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Cowen AND Company LLC purchased a new position in AltC Acquisition during the fourth quarter worth about $896,000. FNY Investment Advisers LLC boosted its stake in shares of AltC Acquisition by 24.3% in the fourth quarter. FNY Investment Advisers LLC now owns 87,250 shares of the company’s stock valued at $921,000 after purchasing an additional 17,049 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in shares of AltC Acquisition in the third quarter valued at approximately $931,000. K2 Principal Fund L.P. purchased a new position in shares of AltC Acquisition in the third quarter valued at approximately $1,478,000. Finally, Citigroup Inc. purchased a new position in shares of AltC Acquisition in the third quarter valued at approximately $2,588,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

AltC Acquisition Price Performance

NYSE ALCC opened at $8.48 on Friday. The firm has a 50 day simple moving average of $12.08 and a 200-day simple moving average of $11.14. AltC Acquisition Corp. has a one year low of $10.27 and a one year high of $18.80.

AltC Acquisition Company Profile

(Free Report)

AltC Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was formerly known as Churchill Capital Corp VIII and changed its name to AltC Acquisition Corp.

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Institutional Ownership by Quarter for AltC Acquisition (NYSE:ALCC)

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