Hound Partners LLC acquired a new position in shares of Levere Holdings Corp. (NASDAQ:LVRAU) in the first quarter, Holdings Channel reports. The institutional investor acquired 200,000 shares of the company’s stock, valued at approximately $1,992,000.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Kingstown Capital Management L.P. bought a new position in shares of Levere during the first quarter worth about $2,988,000. Lombard Odier Asset Management USA Corp bought a new stake in Levere in the first quarter worth approximately $1,992,000. D. E. Shaw & Co. Inc. bought a new stake in Levere in the first quarter worth approximately $1,992,000. Canyon Capital Advisors LLC bought a new stake in Levere in the first quarter worth approximately $4,980,000. Finally, Rivernorth Capital Management LLC bought a new stake in Levere in the first quarter worth approximately $996,000.
LVRAU stock traded down $0.24 during mid-day trading on Thursday, reaching $9.90. The company’s stock had a trading volume of 571 shares, compared to its average volume of 112,167. The business’s 50 day moving average price is $10.08. Levere Holdings Corp. has a 12 month low of $9.90 and a 12 month high of $10.49.
Levere Holdings Corp. intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Grand Cayman, Cayman Islands.
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