Healthcare of Ontario Pension Plan Trust Fund Has $2.30 Million Stock Position in EGH Acquisition Corp. $EGHA

Healthcare of Ontario Pension Plan Trust Fund reduced its holdings in EGH Acquisition Corp. (NASDAQ:EGHA) by 52.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,000 shares of the company’s stock after selling 250,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in EGH Acquisition were worth $2,297,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. ABC Arbitrage SA purchased a new position in EGH Acquisition during the 4th quarter valued at about $304,000. DLD Asset Management LP acquired a new position in shares of EGH Acquisition in the 1st quarter valued at about $347,000. Lineage Point Capital LP purchased a new stake in shares of EGH Acquisition in the fourth quarter worth approximately $465,000. Toronto Dominion Bank lifted its position in shares of EGH Acquisition by 252.2% in the fourth quarter. Toronto Dominion Bank now owns 177,958 shares of the company’s stock worth $1,803,000 after purchasing an additional 127,436 shares in the last quarter. Finally, TIG Advisors LLC acquired a new stake in shares of EGH Acquisition during the fourth quarter worth approximately $2,052,000.

EGH Acquisition Price Performance

Shares of NASDAQ:EGHA opened at $10.34 on Friday. EGH Acquisition Corp. has a 1 year low of $9.31 and a 1 year high of $10.80. The stock’s fifty day moving average price is $10.32.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EGH Acquisition in a research report on Thursday, June 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

EGH Acquisition Profile

EGH Acquisition (NASDAQ: EGHA) is a publicly traded special purpose acquisition company (SPAC) formed to identify, acquire and combine with one or more businesses. As a blank‑check vehicle, the company’s primary business activity is to raise capital through an initial public offering and to seek qualifying target companies for a business combination that would result in the target becoming a publicly listed entity.

Like other SPACs, EGH Acquisition typically holds the proceeds of its offering in trust while it evaluates potential targets and transaction structures.