Context Capital Management LLC Acquires 500,000 Shares of Crown Reserve Acquisition Corp. I $CRAC

Context Capital Management LLC bought a new stake in shares of Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 500,000 shares of the company’s stock, valued at approximately $5,125,000. Context Capital Management LLC owned approximately 2.24% of Crown Reserve Acquisition Corp. I as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Berkley W R Corp boosted its holdings in Crown Reserve Acquisition Corp. I by 93.5% in the 1st quarter. Berkley W R Corp now owns 451,723 shares of the company’s stock worth $4,522,000 after buying an additional 218,227 shares during the period. Rivernorth Capital Management LLC purchased a new stake in Crown Reserve Acquisition Corp. I in the 1st quarter worth $2,619,000. Finally, Sona Asset Management US LLC bought a new stake in Crown Reserve Acquisition Corp. I during the first quarter valued at about $2,002,000.

Crown Reserve Acquisition Corp. I Price Performance

NASDAQ CRAC opened at $10.29 on Wednesday. Crown Reserve Acquisition Corp. I has a 12 month low of $9.89 and a 12 month high of $10.30. The stock’s 50 day moving average is $10.24 and its 200 day moving average is $10.12.

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.06 earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Crown Reserve Acquisition Corp. I from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 10th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Crown Reserve Acquisition Corp. I presently has an average rating of “Sell”.

About Crown Reserve Acquisition Corp. I

Crown Reserve Acquisition Corp. I is a special purpose acquisition company (SPAC) incorporated to identify and complete a business combination with an operating company. Rather than conducting commercial operations of its own, the company’s primary objective is to raise capital through an initial public offering and use those proceeds, together with other funding sources, to pursue a merger, acquisition or similar transaction. Until it completes a business combination, Crown Reserve Acquisition Corp. I does not offer products or services and generally has no material operating business.