GABELLI & Co INVESTMENT ADVISERS INC. Invests $586,000 in UY Scuti Acquisition Corp. $UYSC

GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in UY Scuti Acquisition Corp. (NASDAQ:UYSC) 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 57,800 shares of the company’s stock, valued at approximately $586,000. GABELLI & Co INVESTMENT ADVISERS INC. owned 0.87% of UY Scuti Acquisition as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Wolverine Asset Management LLC increased its stake in UY Scuti Acquisition by 9.0% during the 3rd quarter. Wolverine Asset Management LLC now owns 463,078 shares of the company’s stock worth $4,733,000 after buying an additional 38,078 shares during the period. Hudson Bay Capital Management LP purchased a new position in UY Scuti Acquisition in the 2nd quarter valued at approximately $4,522,000. Berkley W R Corp acquired a new position in shares of UY Scuti Acquisition in the second quarter worth $3,584,000. Karpus Management Inc. acquired a new position in shares of UY Scuti Acquisition in the second quarter worth $2,980,000. Finally, Shaolin Capital Management LLC purchased a new stake in shares of UY Scuti Acquisition during the second quarter worth $2,810,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of UY Scuti Acquisition in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

UY Scuti Acquisition Price Performance

Shares of NASDAQ UYSC opened at $10.34 on Friday. The stock’s 50-day simple moving average is $10.29 and its 200-day simple moving average is $10.21. UY Scuti Acquisition Corp. has a fifty-two week low of $9.89 and a fifty-two week high of $10.45.

UY Scuti Acquisition Company Profile

UY Scuti Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in Delaware in 2021. It completed its initial public offering on the Nasdaq under the ticker symbol UYSC, raising capital through the sale of units composed of common stock and warrants. As a blank check company, UY Scuti Acquisition holds the IPO proceeds in a trust account while it seeks a suitable business combination.

The firm’s principal objective is to effect a merger, capital stock exchange, asset acquisition or similar business combination with one or more businesses.