Lineage Point Capital LP Purchases Shares of 109,531 Blue Water Acquisition Corp. III $BLUW

Lineage Point Capital LP purchased a new stake in shares of Blue Water Acquisition Corp. III (NASDAQ:BLUW) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 109,531 shares of the company’s stock, valued at approximately $1,130,000. Lineage Point Capital LP owned 0.39% of Blue Water Acquisition Corp. III as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of BLUW. PenderFund Capital Management Ltd. acquired a new stake in shares of Blue Water Acquisition Corp. III in the fourth quarter valued at $232,000. Schonfeld Strategic Advisors LLC bought a new stake in Blue Water Acquisition Corp. III in the third quarter worth about $399,000. Bulldog Investors LLP bought a new stake in Blue Water Acquisition Corp. III in the third quarter worth about $414,000. Context Capital Management LLC acquired a new stake in Blue Water Acquisition Corp. III in the 3rd quarter valued at about $498,000. Finally, Geode Capital Management LLC lifted its holdings in Blue Water Acquisition Corp. III by 193.0% in the 4th quarter. Geode Capital Management LLC now owns 61,427 shares of the company’s stock valued at $634,000 after acquiring an additional 40,463 shares during the last quarter.

Analyst Ratings Changes

BLUW has been the subject of several research reports. Weiss Ratings upgraded shares of Blue Water Acquisition Corp. III from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, April 24th. Wall Street Zen raised shares of Blue Water Acquisition Corp. III to a “hold” rating in a research note on Saturday, February 28th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Blue Water Acquisition Corp. III currently has a consensus rating of “Sell”.

Blue Water Acquisition Corp. III Stock Down 0.1%

Shares of Blue Water Acquisition Corp. III stock opened at $10.32 on Friday. The stock’s fifty day moving average is $10.27 and its 200-day moving average is $10.30. Blue Water Acquisition Corp. III has a 12-month low of $9.93 and a 12-month high of $10.41.

Blue Water Acquisition Corp. III (NASDAQ:BLUW) last released its quarterly earnings results on Tuesday, April 14th. The company reported ($0.03) earnings per share for the quarter.

Blue Water Acquisition Corp. III Company Profile

Blue Water Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Greenwich, Connecticut.