BlueCrest Capital Management Ltd acquired a new stake in Healthcare Capital Acquisition Corp. (NASDAQ:HCAC – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 250,000 shares of the company’s stock, valued at approximately $2,510,000.
Separately, Governors Lane LP purchased a new position in shares of Healthcare Capital Acquisition in the 2nd quarter worth approximately $2,761,000. Hedge funds and other institutional investors own 66.82% of the company’s stock.
Analyst Ratings Changes
Separately, Weiss Ratings began coverage on Healthcare Capital Acquisition in a research note on Monday, August 24th. They issued a “sell (e+)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.
Healthcare Capital Acquisition Trading Down 0.1%
Shares of HCAC stock opened at $10.10 on Thursday. The firm’s 50 day moving average is $10.07 and its 200 day moving average is $10.02. The stock has a market capitalization of $376.80 million, a P/E ratio of 202.00 and a beta of 0.41. Healthcare Capital Acquisition Corp. has a 12 month low of $9.91 and a 12 month high of $10.11.
Healthcare Capital Acquisition (NASDAQ: HCAC) is a special purpose acquisition company (SPAC), commonly referred to as a blank?check company, formed to raise capital through a public listing and pursue one or more business combinations. As a SPAC, Healthcare Capital Acquisition does not operate commercial businesses of its own; instead it holds funds in trust while identifying and negotiating a merger, acquisition or other business combination with an operating company, with a stated focus on opportunities in the healthcare sector.
The firm’s primary activities include sourcing and evaluating potential targets in healthcare and life sciences, structuring transactions, and completing a business combination that would result in the target becoming a publicly listed company.
Featured Stories
- Five stocks we like better than Healthcare Capital Acquisition
- Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal
- GE Aerospace’s $11.75B Deal Puts Howmet Aerospace in Focus
- Casey’s Post-Earnings Drop May Give Investors a Better Entry Into a Quality Retailer
- Sovereign AI: Palantir and Nebius Cut the Cloud Cord
Want to see what other hedge funds are holding HCAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Healthcare Capital Acquisition Corp. (NASDAQ:HCAC – Free Report).
Receive News & Ratings for Healthcare Capital Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Capital Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.
