Aristeia Capital L.L.C. Acquires Shares of 550,000 Harvard Ave Acquistion Corp $HAVA

Aristeia Capital L.L.C. purchased a new position in shares of Harvard Ave Acquistion Corp (NASDAQ:HAVA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 550,000 shares of the company’s stock, valued at approximately $5,462,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Hudson Bay Capital Management LP bought a new position in shares of Harvard Ave Acquistion during the fourth quarter worth $7,462,000. Radcliffe Capital Management L.P. bought a new stake in Harvard Ave Acquistion during the 4th quarter worth about $5,462,000. Context Capital Management LLC bought a new stake in Harvard Ave Acquistion during the 4th quarter worth about $2,979,000. Clear Street Group Inc. bought a new stake in Harvard Ave Acquistion during the 4th quarter worth about $2,278,000. Finally, Westchester Capital Management LLC acquired a new position in shares of Harvard Ave Acquistion during the 4th quarter worth about $1,972,000.

Harvard Ave Acquistion Trading Up 0.1%

Shares of NASDAQ:HAVA opened at $10.10 on Thursday. The stock’s 50 day simple moving average is $10.07. Harvard Ave Acquistion Corp has a 12-month low of $9.87 and a 12-month high of $10.11.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Harvard Ave Acquistion from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Harvard Ave Acquistion Company 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.