Silver Point Capital L.P. acquired a new position in shares of Liberty Media Acquisition Co. (OTCMKTS:LMACU – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 7,000,000 shares of the company’s stock, valued at approximately $350,000,000. Liberty Media Acquisition comprises 0.0% of Silver Point Capital L.P.’s investment portfolio, making the stock its 14th biggest holding.
Separately, Ancora Advisors LLC purchased a new position in shares of Liberty Media Acquisition during the 2nd quarter valued at approximately $243,000.
Liberty Media Acquisition Price Performance
LMACU stock opened at $10.08 on Thursday. The firm has a 50 day simple moving average of $10.08 and a 200-day simple moving average of $10.08. Liberty Media Acquisition Co. has a twelve month low of $9.80 and a twelve month high of $10.85.
Liberty Media Acquisition Profile
Liberty Media Acquisition Corporation (OTCMKTS: LMACU) is a special purpose acquisition company (SPAC) sponsored by Liberty Media Corporation. Incorporated in Delaware in early 2021, the firm raised capital through an initial public offering to pursue a business combination with one or more operating companies. As a blank check company, LMACU holds the net proceeds in a trust account pending the identification and completion of a qualifying transaction.
LMACU’s mandate is to seek strategic acquisitions primarily in the technology, media, telecommunications and consumer sectors.
Recommended Stories
- Five stocks we like better than Liberty Media Acquisition
- Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise
- Alcoa’s Gallium Project Opens a New Door Beyond Aluminum
- Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech
- Can Tesla’s Flying Roadster Distract From Its Real Risks?
Want to see what other hedge funds are holding LMACU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Media Acquisition Co. (OTCMKTS:LMACU – Free Report).
Receive News & Ratings for Liberty Media Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Media Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.
