Championsgate Acquisition (NASDAQ:CHPG) Trading 0.3% Higher – What’s Next?

Championsgate Acquisition Corp (NASDAQ:CHPG)’s stock price shot up 0.3% on Thursday . The stock traded as high as $10.27 and last traded at $10.27. 10 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 14,298 shares. The stock had previously closed at $10.24.

Analyst Ratings Changes

Separately, Weiss Ratings started coverage on shares of Championsgate Acquisition in a report on Monday, January 26th. They set a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Championsgate Acquisition Stock Performance

Hedge Funds Weigh In On Championsgate Acquisition

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP purchased a new stake in Championsgate Acquisition during the fourth quarter worth $815,000. Stoic Point Capital Management LLC acquired a new position in shares of Championsgate Acquisition during the 4th quarter worth $685,000. L1 Global Manager Pty Ltd purchased a new stake in shares of Championsgate Acquisition in the 4th quarter worth about $459,000. Wolverine Asset Management LLC boosted its position in shares of Championsgate Acquisition by 12.2% in the 4th quarter. Wolverine Asset Management LLC now owns 405,194 shares of the company’s stock worth $4,129,000 after buying an additional 44,069 shares in the last quarter. Finally, HRT Financial LP acquired a new stake in Championsgate Acquisition in the 4th quarter valued at about $447,000.

Championsgate Acquisition Company Profile

Championsgate Acquisition (NASDAQ: CHPG) is a publicly traded special purpose acquisition company (SPAC) formed to raise capital and effect a business combination with one or more operational businesses. As a blank‑check acquisition vehicle, its primary corporate purpose is to identify, negotiate and complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination that would bring a private operating company into the public markets through the SPAC structure.

Like other SPACs, Championsgate Acquisition’s activities center on sourcing potential targets, conducting due diligence, structuring transaction terms and securing shareholder approval for proposed business combinations.