L1 Global Manager Pty Ltd Buys New Stake in LightWave Acquisition Corp. $LWAC

L1 Global Manager Pty Ltd bought a new stake in LightWave Acquisition Corp. (NASDAQ:LWAC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 75,000 shares of the company’s stock, valued at approximately $752,000. L1 Global Manager Pty Ltd owned 0.25% of LightWave Acquisition as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Arbitrage LLC acquired a new stake in shares of LightWave Acquisition in the 3rd quarter valued at $13,958,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in shares of LightWave Acquisition in the 3rd quarter valued at $9,950,000. Linden Advisors LP acquired a new stake in shares of LightWave Acquisition in the 3rd quarter valued at $9,472,000. Verition Fund Management LLC acquired a new stake in shares of LightWave Acquisition in the 3rd quarter valued at $7,390,000. Finally, Two Sigma Investments LP acquired a new stake in shares of LightWave Acquisition in the 3rd quarter valued at $6,763,000.

LightWave Acquisition Price Performance

Shares of NASDAQ:LWAC opened at $10.20 on Friday. LightWave Acquisition Corp. has a 1-year low of $9.81 and a 1-year high of $10.21. The business has a 50-day moving average price of $10.19 and a two-hundred day moving average price of $10.12.

LightWave Acquisition (NASDAQ:LWAC) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.06 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of LightWave Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

LightWave Acquisition Profile

Locust Walk Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Boston, Massachusetts.