Alberta Investment Management Corp acquired a new stake in M3-Brigade Acquisition V Corp. (NASDAQ:MBAV – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,475,000 shares of the company’s stock, valued at approximately $27,943,000. Alberta Investment Management Corp owned 6.89% of M3-Brigade Acquisition V as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Tuttle Capital Management LLC bought a new stake in M3-Brigade Acquisition V in the second quarter worth $437,000. Levin Capital Strategies L.P. bought a new stake in M3-Brigade Acquisition V in the 2nd quarter worth approximately $538,000. Geode Capital Management LLC bought a new stake in shares of M3-Brigade Acquisition V in the 2nd quarter worth about $1,978,000. Wealthspring Capital LLC purchased a new position in M3-Brigade Acquisition V during the 2nd quarter worth $2,715,000. Finally, Wolverine Asset Management LLC raised its stake in shares of M3-Brigade Acquisition V by 16.8% during the 1st quarter. Wolverine Asset Management LLC now owns 510,524 shares of the company’s stock worth $5,243,000 after acquiring an additional 73,266 shares in the last quarter.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of M3-Brigade Acquisition V in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, M3-Brigade Acquisition V has a consensus rating of “Sell”.
M3-Brigade Acquisition V Stock Performance
NASDAQ MBAV opened at $10.56 on Friday. The company’s 50 day simple moving average is $10.56 and its 200 day simple moving average is $10.85. M3-Brigade Acquisition V Corp. has a 12 month low of $10.02 and a 12 month high of $13.73.
M3-Brigade Acquisition V Company Profile
M3-Brigade Acquisition V Corp. is a blank check company. It formed for the purpose of effecting a merger, consolidation, capital stock exchange, share exchange, asset acquisition, share purchase, stock purchase, reorganization or similar business combination with one or more businesses. M3-Brigade Acquisition V Corp.
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