Berkley W R Corp boosted its stake in shares of AI Transportation Acquisition Corp (NASDAQ:AITR – Free Report) by 91.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 196,891 shares of the company’s stock after buying an additional 93,864 shares during the quarter. Berkley W R Corp’s holdings in AI Transportation Acquisition were worth $2,117,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Spartan Fund Management Inc. acquired a new position in shares of AI Transportation Acquisition in the 4th quarter worth approximately $504,000. Yakira Capital Management Inc. acquired a new position in AI Transportation Acquisition in the fourth quarter valued at $376,000. Mizuho Securities USA LLC boosted its position in AI Transportation Acquisition by 142.4% during the fourth 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 last quarter. Finally, Wolverine Asset Management LLC grew its holdings in AI Transportation Acquisition by 15.9% during the 4th quarter. Wolverine Asset Management LLC now owns 420,301 shares of the company’s stock worth $4,518,000 after acquiring an additional 57,631 shares during the period. 81.89% of the stock is owned by institutional investors and hedge funds.
AI Transportation Acquisition Stock Performance
Shares of AITR stock opened at $11.00 on Tuesday. AI Transportation Acquisition Corp has a fifty-two week low of $10.30 and a fifty-two week high of $11.02. The stock has a 50 day simple moving average of $10.97 and a two-hundred day simple moving average of $10.79.
About AI Transportation Acquisition
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.
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