Sona Asset Management US LLC Acquires New Shares in Charlton Aria Acquisition Corp $CHAR

Sona Asset Management US LLC acquired a new position in Charlton Aria Acquisition Corp (NASDAQ:CHAR) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $1,058,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ABC Arbitrage SA purchased a new position in Charlton Aria Acquisition during the 4th quarter valued at about $209,000. Glazer Capital LLC lifted its position in shares of Charlton Aria Acquisition by 5.3% in the 4th quarter. Glazer Capital LLC now owns 50,242 shares of the company’s stock worth $526,000 after purchasing an additional 2,528 shares during the period. Clear Street Group Inc. boosted its stake in shares of Charlton Aria Acquisition by 277.6% during the fourth quarter. Clear Street Group Inc. now owns 116,977 shares of the company’s stock valued at $1,222,000 after purchasing an additional 86,000 shares in the last quarter. Finally, Berkley W R Corp increased its holdings in Charlton Aria Acquisition by 19.4% during the first quarter. Berkley W R Corp now owns 878,975 shares of the company’s stock valued at $9,304,000 after buying an additional 142,746 shares during the period.

Charlton Aria Acquisition Stock Performance

Shares of CHAR stock opened at $10.88 on Monday. The company’s 50-day moving average is $10.79. Charlton Aria Acquisition Corp has a 1-year low of $10.29 and a 1-year high of $11.30.

Charlton Aria Acquisition (NASDAQ:CHAR) last announced its earnings results on Wednesday, June 17th. The company reported $0.06 EPS for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Charlton Aria Acquisition in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Charlton Aria Acquisition Corp. (NASDAQ: CHAR) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank-check vehicle, its primary business purpose is to identify, negotiate and complete a business combination, merger, capital stock exchange, asset acquisition or similar transaction with one or more operating businesses. SPACs such as Charlton Aria raise capital through public offerings and seek to use those proceeds to acquire a private company and take it public through the combination.

Like other SPACs, Charlton Aria’s principal activities center on sourcing potential targets, conducting due diligence, negotiating transaction terms and securing shareholder and regulatory approvals for a proposed business combination.