Cowen AND Company LLC Takes $896,000 Position in AltC Acquisition Corp. (NYSE:ALCC)

Cowen AND Company LLC purchased a new stake in shares of AltC Acquisition Corp. (NYSE:ALCC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 84,857 shares of the company's stock, valued at approximately $896,000. Cowen AND Company LLC owned 0.28% of AltC Acquisition as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. FNY Investment Advisers LLC grew its position in shares of AltC Acquisition by 24.3% during the 4th quarter. FNY Investment Advisers LLC now owns 87,250 shares of the company's stock worth $921,000 after buying an additional 17,049 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in AltC Acquisition during the third quarter worth about $931,000. K2 Principal Fund L.P. bought a new stake in shares of AltC Acquisition in the third quarter worth about $1,478,000. Citigroup Inc. acquired a new stake in AltC Acquisition during the 3rd quarter worth approximately $2,588,000. Finally, Hsbc Holdings PLC raised its holdings in shares of AltC Acquisition by 40.6% during the third quarter. Hsbc Holdings PLC now owns 492,187 shares of the company's stock worth $5,092,000 after acquiring an additional 142,188 shares during the period. Institutional investors own 85.03% of the company's stock.

AltC Acquisition Trading Down 6.5 %

NYSE:ALCC traded down $0.63 during trading hours on Friday, reaching $9.01. 3,650,811 shares of the stock were exchanged, compared to its average volume of 723,393. AltC Acquisition Corp. has a twelve month low of $10.27 and a twelve month high of $18.80. The firm has a 50 day moving average of $12.54 and a 200 day moving average of $11.25.

About AltC Acquisition

AltC Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was formerly known as Churchill Capital Corp VIII and changed its name to AltC Acquisition Corp.

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