Spartan Fund Management Inc. purchased a new stake in shares of AI Transportation Acquisition Corp (NASDAQ:AITR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 46,813 shares of the company's stock, valued at approximately $504,000. AI Transportation Acquisition accounts for 1.9% of Spartan Fund Management Inc.'s holdings, making the stock its 19th biggest position. Spartan Fund Management Inc. owned approximately 0.60% of AI Transportation Acquisition at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC grew its position in shares of AI Transportation Acquisition by 142.4% during the 4th quarter. Mizuho Securities USA LLC now owns 556,500 shares of the company's stock valued at $5,955,000 after acquiring an additional 326,883 shares during the period. Wolverine Asset Management LLC boosted its position in AI Transportation Acquisition by 15.9% during the fourth quarter. Wolverine Asset Management LLC now owns 420,301 shares of the company's stock worth $4,518,000 after purchasing an additional 57,631 shares in the last quarter. Finally, Yakira Capital Management Inc. acquired a new stake in AI Transportation Acquisition in the fourth quarter valued at approximately $376,000. Hedge funds and other institutional investors own 81.89% of the company's stock.
AI Transportation Acquisition Stock Performance
AI Transportation Acquisition stock opened at $11.00 on Wednesday. AI Transportation Acquisition Corp has a 12 month low of $10.30 and a 12 month high of $11.02. The business has a 50 day simple moving average of $10.95 and a 200-day simple moving average of $10.78.
AI Transportation Acquisition Company Profile
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Free Report)
AI Transportation Acquisition Corp 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 on businesses in the transportation field, including logistics, new energy vehicles, smart parking, on-board chips and AI algorithms, automotive services, and related areas of intelligent transportation.
Further Reading
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