Hudson Bay Capital Management LP Decreases Stock Holdings in SK Growth Opportunities Co. (NASDAQ:SKGR)

Hudson Bay Capital Management LP decreased its holdings in shares of SK Growth Opportunities Co. (NASDAQ:SKGR) by 39.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,828 shares of the company’s stock after selling 133,023 shares during the period. Hudson Bay Capital Management LP’s holdings in SK Growth Opportunities were worth $2,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of SK Growth Opportunities by 8.8% during the 4th quarter. Geode Capital Management LLC now owns 12,412 shares of the company’s stock valued at $144,000 after buying an additional 1,009 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of SK Growth Opportunities during the 4th quarter valued at approximately $320,000. FNY Investment Advisers LLC lifted its position in shares of SK Growth Opportunities by 50.6% during the 4th quarter. FNY Investment Advisers LLC now owns 90,499 shares of the company’s stock valued at $1,050,000 after buying an additional 30,399 shares in the last quarter. DLD Asset Management LP purchased a new position in SK Growth Opportunities in the 4th quarter valued at $3,487,000. Finally, Westchester Capital Management LLC purchased a new position in SK Growth Opportunities in the 4th quarter valued at $4,253,000. Hedge funds and other institutional investors own 92.48% of the company’s stock.

SK Growth Opportunities Stock Performance

Shares of SKGR stock opened at $11.74 on Wednesday. The stock’s fifty day moving average is $11.72 and its two-hundred day moving average is $11.64. The firm has a market capitalization of $175.77 million, a P/E ratio of 53.36 and a beta of -0.03. SK Growth Opportunities Co. has a fifty-two week low of $10.39 and a fifty-two week high of $13.40.

SK Growth Opportunities (NASDAQ:SKGR) last announced its quarterly earnings data on Thursday, March 27th. The company reported $0.07 earnings per share for the quarter.

SK Growth Opportunities Company Profile

SK Growth Opportunities Corporation does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in New York, New York.