Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of IG Acquisition Corp. (NASDAQ:IGAC – Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 500,000 shares of the company’s stock, valued at approximately $4,970,000.
Several other large investors have also recently added to or reduced their stakes in IGAC. TrueMark Investments LLC bought a new stake in IG Acquisition in the first quarter valued at $142,000. Meteora Capital LLC bought a new position in shares of IG Acquisition during the fourth quarter worth about $300,000. ABC Arbitrage SA bought a new position in shares of IG Acquisition during the first quarter worth about $396,000. Virtu Financial LLC acquired a new stake in shares of IG Acquisition in the 4th quarter worth about $402,000. Finally, Governors Lane LP acquired a new stake in shares of IG Acquisition in the 4th quarter worth about $492,000. 38.82% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded shares of IG Acquisition from a “sell (e-)” rating to a “sell (e)” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.
IG Acquisition Trading Down 0.0%
IG Acquisition stock opened at $10.03 on Thursday. The firm has a 50 day simple moving average of $10.02 and a 200-day simple moving average of $9.96. IG Acquisition Corp. has a 12-month low of $9.82 and a 12-month high of $10.05.
IG Acquisition (NASDAQ:IGAC – Get Free Report) last announced its earnings results on Friday, May 15th. The company reported $0.06 EPS for the quarter.
IG Acquisition Company Profile
IG Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.
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