Empyrean Capital Partners LP Buys Shares of 282,100 Perceptive Capital Solutions Corp. $PCSC

Empyrean Capital Partners LP bought a new stake in Perceptive Capital Solutions Corp. (NASDAQ:PCSC) during the fourth quarter, Holdings Channel.com reports. The firm bought 282,100 shares of the company’s stock, valued at approximately $3,676,000.

A number of other hedge funds also recently added to or reduced their stakes in PCSC. Rangeley Capital LLC bought a new stake in Perceptive Capital Solutions in the second quarter valued at $212,000. Sculptor Capital LP lifted its stake in Perceptive Capital Solutions by 0.5% in the second quarter. Sculptor Capital LP now owns 415,090 shares of the company’s stock valued at $4,408,000 after buying an additional 2,243 shares during the last quarter. Radcliffe Capital Management L.P. bought a new stake in Perceptive Capital Solutions in the third quarter valued at $128,000. Aberdeen Group plc bought a new stake in Perceptive Capital Solutions in the fourth quarter valued at $4,512,000. Finally, Geode Capital Management LLC bought a new stake in Perceptive Capital Solutions in the fourth quarter valued at $138,000.

Perceptive Capital Solutions Stock Down 0.4%

Shares of NASDAQ PCSC opened at $11.16 on Thursday. Perceptive Capital Solutions Corp. has a fifty-two week low of $10.54 and a fifty-two week high of $14.47. The firm’s 50-day simple moving average is $11.18 and its 200 day simple moving average is $12.10. The stock has a market cap of $99.44 million, a P/E ratio of 558.00 and a beta of 0.34.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Perceptive Capital Solutions in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Perceptive Capital Solutions has a consensus rating of “Sell”.

About Perceptive Capital Solutions

Perceptive Capital Solutions Corp is a blank check company. It formed for the purpose of entering into a combination with one or more businesses or entities. Perceptive Capital Solutions Corp is based in NEW YORK.