MYDA Advisors LLC Takes Position in Blue Water Acquisition Corp. III $BLUW

MYDA Advisors LLC purchased a new stake in shares of Blue Water Acquisition Corp. III (NASDAQ:BLUW) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 300,000 shares of the company’s stock, valued at approximately $3,096,000.

Other institutional investors have also made changes to their positions in the company. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Blue Water Acquisition Corp. III during the 3rd quarter valued at about $399,000. Bulldog Investors LLP acquired a new stake in shares of Blue Water Acquisition Corp. III during the 3rd quarter valued at about $414,000. Context Capital Management LLC acquired a new stake in shares of Blue Water Acquisition Corp. III during the 3rd quarter valued at about $498,000. Geode Capital Management LLC lifted its holdings in shares of Blue Water Acquisition Corp. III by 193.0% during the 4th quarter. Geode Capital Management LLC now owns 61,427 shares of the company’s stock valued at $634,000 after buying an additional 40,463 shares during the last quarter. Finally, Crossingbridge Advisors LLC acquired a new stake in shares of Blue Water Acquisition Corp. III during the 3rd quarter valued at about $979,000.

Blue Water Acquisition Corp. III Price Performance

Shares of BLUW stock opened at $10.31 on Monday. The stock’s 50 day simple moving average is $10.27 and its 200 day simple moving average is $10.29. Blue Water Acquisition Corp. III has a twelve month low of $9.93 and a twelve month high of $10.41.

Blue Water Acquisition Corp. III (NASDAQ:BLUW) last issued its quarterly earnings data on Tuesday, April 14th. The company reported ($0.03) earnings per share for the quarter.

Analyst Ratings Changes

Several brokerages have recently issued reports on BLUW. Wall Street Zen upgraded Blue Water Acquisition Corp. III to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings upgraded Blue Water Acquisition Corp. III from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, April 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

About Blue Water Acquisition Corp. III

Blue Water Acquisition Corp. does not have significant operations. It 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 2020 and is based in Greenwich, Connecticut.