Wolverine Asset Management LLC Raises Stock Position in Chenghe Acquisition I Co. (NASDAQ:LATG)

Wolverine Asset Management LLC lifted its stake in shares of Chenghe Acquisition I Co. (NASDAQ:LATG) by 87.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 251,527 shares of the company’s stock after buying an additional 117,641 shares during the quarter. Wolverine Asset Management LLC’s holdings in Chenghe Acquisition I were worth $2,774,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, BCK Capital Management LP raised its position in Chenghe Acquisition I by 33.3% in the third quarter. BCK Capital Management LP now owns 74,268 shares of the company’s stock worth $817,000 after acquiring an additional 18,567 shares in the last quarter. 50.85% of the stock is owned by institutional investors.

Chenghe Acquisition I Stock Performance

LATG traded up $0.01 during trading on Wednesday, reaching $11.31. The company had a trading volume of 2,606 shares, compared to its average volume of 28,931. The firm’s 50-day simple moving average is $11.22 and its 200 day simple moving average is $11.09. The company has a market cap of $81.32 million and a price-to-earnings ratio of 376.79. Chenghe Acquisition I Co. has a 12-month low of $10.54 and a 12-month high of $11.76.

Chenghe Acquisition I (NASDAQ:LATG) last posted its earnings results on Tuesday, February 20th. The company reported $0.11 earnings per share for the quarter.

Chenghe Acquisition I Profile

Chenghe Acquisition I Co does not have significant operations. The company focuses on effecting a merger, share exchange, share purchase, asset acquisition, reorganization, or similar business combination with one or more businesses. It intends to focus its search for an initial business combination on businesses in Latin America or Hispanic-owned businesses in the United States.