Magnetar Financial LLC Invests $10.06 Million in HCM Acquisition Corp $HCMA

Magnetar Financial LLC acquired a new stake in shares of HCM Acquisition Corp (NASDAQ:HCMA) during the 4th quarter, Holdings Channel.com reports. The firm acquired 999,990 shares of the company’s stock, valued at approximately $10,060,000. Magnetar Financial LLC owned 0.07% of HCM Acquisition at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HCMA. HighTower Advisors LLC bought a new position in shares of HCM Acquisition during the 3rd quarter valued at about $1,339,000. JPMorgan Chase & Co. bought a new position in shares of HCM Acquisition during the 3rd quarter valued at about $251,000. Highbridge Capital Management LLC bought a new position in shares of HCM Acquisition during the 3rd quarter valued at about $10,100,000. Picton Mahoney Asset Management bought a new position in shares of HCM Acquisition during the 3rd quarter valued at about $5,053,000. Finally, Context Capital Management LLC bought a new position in shares of HCM Acquisition during the 3rd quarter valued at about $5,052,000. Institutional investors own 11.79% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded HCM Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

HCM Acquisition Stock Performance

NASDAQ:HCMA opened at $10.28 on Wednesday. HCM Acquisition Corp has a fifty-two week low of $10.03 and a fifty-two week high of $10.49. The business’s 50-day simple moving average is $10.18 and its 200-day simple moving average is $10.14.

HCM Acquisition (NASDAQ:HCMA) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter.

About HCM Acquisition

HCM Acquisition Corp. is a Delaware‐incorporated special purpose acquisition company (SPAC) that was formed to identify and complete a business combination with one or more target businesses. The company raised capital through its initial public offering and is listed on the Nasdaq under the ticker HCMA. As a blank check vehicle, HCM Acquisition holds its funds in trust until it consummates a qualifying merger, share exchange, asset acquisition or other business combination.

The SPAC is sponsored by affiliates of Healthcare Capital Management LLC, a Los Angeles‐based investment firm with experience in healthcare and life sciences investing.