Context Capital Management LLC Takes $2.98 Million Position in Harvard Ave Acquistion Corp $HAVA

Context Capital Management LLC purchased a new position in shares of Harvard Ave Acquistion Corp (NASDAQ:HAVA) in the 4th quarter, Holdings Channel reports. The fund purchased 300,000 shares of the company’s stock, valued at approximately $2,979,000.

A number of other large investors have also modified their holdings of the company. Berkley W R Corp bought a new stake in Harvard Ave Acquistion in the 4th quarter valued at about $665,000. Westchester Capital Management LLC bought a new position in Harvard Ave Acquistion in the 4th quarter worth about $1,972,000. Finally, Hudson Bay Capital Management LP bought a new position in Harvard Ave Acquistion in the 4th quarter worth about $7,462,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Harvard Ave Acquistion from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Harvard Ave Acquistion Stock Down 0.2%

Shares of HAVA stock opened at $10.07 on Friday. Harvard Ave Acquistion Corp has a 1 year low of $9.87 and a 1 year high of $10.11. The stock’s fifty day simple moving average is $10.06.

Harvard Ave Acquistion Profile

Harvard Ave Acquisition (NASDAQ: HAVA) is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, reorganization or similar business combination. As with other blank-check companies, its primary corporate purpose prior to completing a business combination is to identify and negotiate a qualifying transaction that will result in an operating public company.

The company’s principal activities consist of sourcing potential targets, conducting due diligence, negotiating transaction terms, and, if approved by shareholders, completing a business combination.