Healthcare of Ontario Pension Plan Trust Fund Sells 250,000 Shares of Launch One Acquisition Corp. $LPAA

Healthcare of Ontario Pension Plan Trust Fund cut its holdings in shares of Launch One Acquisition Corp. (NASDAQ:LPAA) by 62.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 150,100 shares of the company’s stock after selling 250,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Launch One Acquisition were worth $1,611,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Crossingbridge Advisors LLC purchased a new position in shares of Launch One Acquisition in the fourth quarter worth about $878,000. Quarry LP lifted its stake in shares of Launch One Acquisition by 200.0% during the 3rd quarter. Quarry LP now owns 150,000 shares of the company’s stock valued at $1,575,000 after buying an additional 100,000 shares in the last quarter. Toronto Dominion Bank lifted its stake in shares of Launch One Acquisition by 68.9% during the 4th quarter. Toronto Dominion Bank now owns 244,904 shares of the company’s stock valued at $2,594,000 after buying an additional 99,904 shares in the last quarter. Shaolin Capital Management LLC bought a new position in Launch One Acquisition in the 2nd quarter worth approximately $3,645,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. boosted its holdings in Launch One Acquisition by 87.5% in the 2nd quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 750,000 shares of the company’s stock worth $7,811,000 after buying an additional 350,000 shares during the period.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Launch One Acquisition in a research note on Monday, June 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Launch One Acquisition Price Performance

Shares of LPAA opened at $10.75 on Friday. Launch One Acquisition Corp. has a 52-week low of $10.39 and a 52-week high of $11.67. The stock’s 50-day simple moving average is $10.86 and its 200 day simple moving average is $10.76.

Launch One Acquisition (NASDAQ:LPAA) last posted its earnings results on Thursday, May 14th. The company reported $0.06 earnings per share for the quarter. The company had revenue of $2.17 million for the quarter.

Launch One Acquisition Profile

Launch One Acquisition Corp is a blank check company incorporated in Delaware. Its principal business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Shares and warrants of the company trade on the Nasdaq Global Market under the ticker symbols “LPAA” and “LPAAW.”

The company completed its initial public offering in 2021, raising gross proceeds through the sale of units, each consisting of one share of common stock and one quarter of a warrant.