Freedom Acquisition I Corp. $FACT Stock Position Reduced by Periscope Capital Inc.

Periscope Capital Inc. cut its stake in shares of Freedom Acquisition I Corp. (NASDAQ:FACT) by 20.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 343,100 shares of the company’s stock after selling 90,000 shares during the period. Periscope Capital Inc.’s holdings in Freedom Acquisition I were worth $3,572,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. TENOR CAPITAL MANAGEMENT Co. L.P. grew its position in Freedom Acquisition I by 17.7% during the third quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 1,000,000 shares of the company’s stock valued at $10,320,000 after purchasing an additional 150,050 shares in the last quarter. Hudson Bay Capital Management LP grew its position in Freedom Acquisition I by 29.0% during the second quarter. Hudson Bay Capital Management LP now owns 1,000,000 shares of the company’s stock valued at $10,330,000 after purchasing an additional 225,000 shares in the last quarter. Wolverine Asset Management LLC grew its position in Freedom Acquisition I by 7.2% during the fourth quarter. Wolverine Asset Management LLC now owns 798,468 shares of the company’s stock valued at $8,312,000 after purchasing an additional 53,870 shares in the last quarter. Radcliffe Capital Management L.P. purchased a new position in Freedom Acquisition I during the third quarter valued at approximately $5,160,000. Finally, Mangrove Partners IM LLC grew its position in Freedom Acquisition I by 164.6% during the third quarter. Mangrove Partners IM LLC now owns 450,000 shares of the company’s stock valued at $4,644,000 after purchasing an additional 279,936 shares in the last quarter. 55.82% of the stock is owned by hedge funds and other institutional investors.

Freedom Acquisition I Price Performance

FACT stock opened at $10.67 on Friday. Freedom Acquisition I Corp. has a 12 month low of $10.17 and a 12 month high of $10.75. The firm has a 50 day moving average of $10.56 and a two-hundred day moving average of $10.48.

Freedom Acquisition I (NASDAQ:FACT) last posted its earnings results on Monday, May 11th. The company reported $0.04 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings assumed coverage on shares of Freedom Acquisition I in a research report on Wednesday, April 8th. They issued a “sell (d)” rating for the company. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About Freedom Acquisition I

Freedom Acquisition I Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses. Freedom Acquisition I Corp. was incorporated in 2020 and is based in New York, New York.