Healthcare of Ontario Pension Plan Trust Fund Acquires Shares of 500,000 IG Acquisition Corp. $IGAC

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of IG Acquisition Corp. (NASDAQ:IGAC) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 500,000 shares of the company’s stock, valued at approximately $4,970,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 4.98% of IG Acquisition at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of IG Acquisition in the fourth quarter worth about $3,936,000. StoneX Group Inc. acquired a new stake in IG Acquisition during the 4th quarter valued at approximately $1,121,000. First Trust Capital Management L.P. acquired a new stake in IG Acquisition during the 4th quarter valued at approximately $4,920,000. Hudson Bay Capital Management LP purchased a new stake in IG Acquisition during the 4th quarter worth approximately $2,523,000. Finally, Berkley W R Corp acquired a new position in shares of IG Acquisition in the 4th quarter valued at approximately $975,000. 38.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded IG Acquisition from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

IG Acquisition Trading Down 0.0%

IGAC stock opened at $10.03 on Thursday. IG Acquisition Corp. has a 1-year low of $9.82 and a 1-year high of $10.05. The firm has a fifty day moving average price of $10.02 and a two-hundred day moving average price of $9.96.

IG Acquisition (NASDAQ:IGAC) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.06 earnings per share (EPS) for the quarter.

IG Acquisition Company Profile

IG Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.