Polar Asset Management Partners Inc. lessened its holdings in shares of Chenghe Acquisition I Co. (NASDAQ:LATG - Free Report) by 47.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 360,067 shares of the company's stock after selling 325,000 shares during the quarter. Polar Asset Management Partners Inc. owned about 5.01% of Chenghe Acquisition I worth $4,171,000 as of its most recent filing with the SEC.
Separately, Wolverine Asset Management LLC lifted its holdings in Chenghe Acquisition I by 4.7% during the 3rd quarter. Wolverine Asset Management LLC now owns 374,414 shares of the company's stock worth $4,338,000 after buying an additional 16,692 shares in the last quarter. Institutional investors own 50.85% of the company's stock.
Chenghe Acquisition I Stock Performance
Shares of NASDAQ:LATG remained flat at $11.75 during trading on Thursday. Chenghe Acquisition I Co. has a twelve month low of $10.96 and a twelve month high of $11.78. The business's fifty day simple moving average is $11.65 and its two-hundred day simple moving average is $11.51. The firm has a market capitalization of $79.67 million, a price-to-earnings ratio of -33.57 and a beta of -0.01.
About Chenghe Acquisition I
(
Free Report)
Chenghe Acquisition I Co does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus search for an initial business combination in the TMT, green energy, biotechnology, optoelectronics, and other sectors in the Asia Pacific.
Recommended Stories
Before you consider Chenghe Acquisition I, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chenghe Acquisition I wasn't on the list.
While Chenghe Acquisition I currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
