Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Stake in Crown Reserve Acquisition Corp. I $CRAC

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) by 79.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,400 shares of the company’s stock after selling 244,700 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Crown Reserve Acquisition Corp. I were worth $615,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CRAC. Geode Capital Management LLC acquired a new stake in shares of Crown Reserve Acquisition Corp. I during the 4th quarter worth approximately $534,000. Wolverine Asset Management LLC acquired a new position in shares of Crown Reserve Acquisition Corp. I in the fourth quarter valued at approximately $928,000. Boothbay Fund Management LLC acquired a new position in shares of Crown Reserve Acquisition Corp. I in the fourth quarter valued at approximately $1,118,000. Heights Capital Management Inc. acquired a new position in shares of Crown Reserve Acquisition Corp. I in the fourth quarter worth $1,988,000. Finally, Berkley W R Corp purchased a new position in shares of Crown Reserve Acquisition Corp. I in the 4th quarter valued at about $2,321,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Crown Reserve Acquisition Corp. I from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, Crown Reserve Acquisition Corp. I currently has an average rating of “Sell”.

Crown Reserve Acquisition Corp. I Stock Performance

Shares of CRAC opened at $10.13 on Friday. Crown Reserve Acquisition Corp. I has a 1 year low of $9.89 and a 1 year high of $10.15. The firm has a fifty day moving average price of $10.11.

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) last released its earnings results on Friday, May 15th. The company reported ($0.01) earnings per share (EPS) for the quarter.

Crown Reserve Acquisition Corp. I Company Profile

Crown Reserve Acquisition Corp. I (NASDAQ: CRAC) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank?check vehicle, the company was formed to raise capital through a public offering with the primary aim of identifying, negotiating and completing a business combination with one or more operating businesses. Prior to consummation of a qualifying transaction, Crown Reserve Acquisition Corp. I does not engage in substantive commercial operations beyond the activities necessary to carry out its formation and capital?raising objectives.

The company’s principal activities include managing proceeds raised in its initial public offering, maintaining those funds in trust accounts, conducting due diligence on prospective targets and pursuing mergers, acquisitions or other strategic combinations that would enable the combined entity to become an operating public company.