BlueCrest Capital Management Ltd Takes $6.49 Million Position in ITHAX Acquisition Corp III $ITHA

BlueCrest Capital Management Ltd purchased a new position in shares of ITHAX Acquisition Corp III (NASDAQ:ITHA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 650,000 shares of the company’s stock, valued at approximately $6,487,000.

ITHAX Acquisition Corp III Stock Performance

Shares of NASDAQ:ITHA opened at $10.05 on Thursday. ITHAX Acquisition Corp III has a 52 week low of $9.85 and a 52 week high of $10.09. The company has a 50-day moving average price of $10.02 and a 200 day moving average price of $9.96.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of ITHAX Acquisition Corp III from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

ITHAX Acquisition Corp III Profile

ITHAX Acquisition Corp III (NASDAQ: ITHA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check company, its primary purpose is to raise capital through a public offering and use the proceeds to identify, negotiate and complete a business combination with one or more operating companies. Like other SPACs, it does not conduct traditional operating activities prior to a qualifying merger.

The company’s core activities include sourcing potential target companies, conducting due diligence, structuring a merger or acquisition and securing shareholder approval for a proposed business combination.