Governors Lane LP Buys 398,785 Shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares $BEAG

Governors Lane LP grew its stake in Bold Eagle Acquisition Corp. – Class A Ordinary Shares (NASDAQ:BEAG) by 66.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,000,000 shares of the company’s stock after acquiring an additional 398,785 shares during the period. Governors Lane LP’s holdings in Bold Eagle Acquisition Corp. – Class A Ordinary Shares were worth $10,680,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of BEAG. Harraden Circle Investments LLC acquired a new stake in shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares in the fourth quarter valued at approximately $27,040,000. Moore Capital Management LP acquired a new position in Bold Eagle Acquisition Corp. – Class A Ordinary Shares during the 2nd quarter worth $10,470,000. Meteora Capital LLC increased its stake in shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares by 192.8% in the 3rd quarter. Meteora Capital LLC now owns 1,361,224 shares of the company’s stock valued at $14,157,000 after buying an additional 896,297 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares in the 1st quarter valued at $7,680,000. Finally, Millennium Management LLC bought a new stake in shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares during the first quarter worth $7,100,000.

Bold Eagle Acquisition Corp. – Class A Ordinary Shares Stock Performance

Shares of NASDAQ BEAG opened at $10.80 on Wednesday. Bold Eagle Acquisition Corp. – Class A Ordinary Shares has a fifty-two week low of $10.35 and a fifty-two week high of $10.95. The company’s 50 day simple moving average is $10.71 and its 200 day simple moving average is $10.63.

Bold Eagle Acquisition Corp. – Class A Ordinary Shares (NASDAQ:BEAG) last released its earnings results on Friday, August 14th. The company reported $0.03 EPS for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Bold Eagle Acquisition Corp. – Class A Ordinary Shares in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Bold Eagle Acquisition Corp. – Class A Ordinary Shares Company Profile

Bold Eagle Acquisition Corp. is a Delaware-incorporated special purpose acquisition company whose Class A ordinary shares trade on the Nasdaq under the ticker BEAG. The company was formed to raise capital through an initial public offering, providing investors with the opportunity to participate in a business combination with one or more target companies.

As a blank?check company, Bold Eagle Acquisition has not yet announced a definitive merger or acquisition target. Its mandate allows it to pursue transactions across a wide range of industries and geographies, subject to approval by its shareholders and regulatory requirements.

Bold Eagle Acquisition’s operations are overseen by a board and management team with experience in capital markets and corporate strategy.