UY Scuti Acquisition Corp. $UYSC Holdings Raised by Berkley W R Corp

Berkley W R Corp raised its holdings in shares of UY Scuti Acquisition Corp. (NASDAQ:UYSC) by 14.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 407,586 shares of the company’s stock after purchasing an additional 50,944 shares during the period. Berkley W R Corp owned about 6.10% of UY Scuti Acquisition worth $4,231,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Karpus Management Inc. bought a new position in UY Scuti Acquisition in the second quarter worth about $2,980,000. Shaolin Capital Management LLC bought a new position in shares of UY Scuti Acquisition during the second quarter valued at approximately $2,810,000. AQR Arbitrage LLC bought a new position in shares of UY Scuti Acquisition during the second quarter valued at approximately $1,343,000. Hudson Bay Capital Management LP acquired a new stake in shares of UY Scuti Acquisition during the 2nd quarter worth approximately $4,522,000. Finally, Radcliffe Capital Management L.P. acquired a new stake in shares of UY Scuti Acquisition during the 2nd quarter worth approximately $1,258,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded UY Scuti Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

UY Scuti Acquisition Trading Down 0.3%

Shares of NASDAQ UYSC opened at $10.75 on Monday. The stock has a 50 day simple moving average of $10.71 and a 200-day simple moving average of $10.50. UY Scuti Acquisition Corp. has a 12-month low of $10.07 and a 12-month high of $11.75.

UY Scuti Acquisition (NASDAQ:UYSC) last issued its quarterly earnings results on Tuesday, July 14th. The company reported ($0.28) EPS for the quarter.

About UY Scuti Acquisition

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.