Cowen Investment Management LLC boosted its stake in RedBall Acquisition Corp. (NYSE:RBAC) by 300.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 200,000 shares of the company’s stock after purchasing an additional 150,000 shares during the quarter. RedBall Acquisition comprises about 0.5% of Cowen Investment Management LLC’s holdings, making the stock its 26th biggest position. Cowen Investment Management LLC’s holdings in RedBall Acquisition were worth $1,954,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently bought and sold shares of RBAC. Davidson Kempner Capital Management LP grew its holdings in RedBall Acquisition by 134.3% in the first quarter. Davidson Kempner Capital Management LP now owns 1,256,383 shares of the company’s stock worth $12,501,000 after purchasing an additional 720,237 shares during the period. Cohen & Co Financial Management LLC acquired a new stake in RedBall Acquisition in the second quarter worth $4,885,000. D. E. Shaw & Co. Inc. acquired a new stake in RedBall Acquisition in the first quarter worth $3,979,000. Arrowstreet Capital Limited Partnership acquired a new stake in RedBall Acquisition in the first quarter worth $3,411,000. Finally, Alpine Global Management LLC grew its holdings in RedBall Acquisition by 363.2% in the first quarter. Alpine Global Management LLC now owns 231,589 shares of the company’s stock worth $2,304,000 after purchasing an additional 181,589 shares during the period. Institutional investors and hedge funds own 59.77% of the company’s stock.
NYSE:RBAC traded up $0.01 during trading hours on Wednesday, reaching $9.82. The company had a trading volume of 10 shares, compared to its average volume of 490,714. The business’s 50-day simple moving average is $9.78 and its two-hundred day simple moving average is $9.87. RedBall Acquisition Corp. has a twelve month low of $9.69 and a twelve month high of $12.40.
RedBall Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. The company intends to focus on sports, media, and data analytics sectors.
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