SkyView Investment Advisors LLC bought a new stake in shares of Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund bought 200,000 shares of the company’s stock, valued at approximately $2,068,000. Axiom Intelligence Acquisition Corp 1 accounts for about 1.7% of SkyView Investment Advisors LLC’s portfolio, making the stock its 14th biggest holding.
Other hedge funds also recently made changes to their positions in the company. Periscope Capital Inc. boosted its holdings in shares of Axiom Intelligence Acquisition Corp 1 by 3.0% in the 4th quarter. Periscope Capital Inc. now owns 386,200 shares of the company’s stock worth $3,885,000 after buying an additional 11,200 shares during the last quarter. Sona Asset Management US LLC bought a new position in Axiom Intelligence Acquisition Corp 1 during the first quarter valued at about $4,555,000. Finally, Radcliffe Capital Management L.P. increased its holdings in Axiom Intelligence Acquisition Corp 1 by 16.4% during the fourth quarter. Radcliffe Capital Management L.P. now owns 549,758 shares of the company’s stock worth $5,531,000 after buying an additional 77,571 shares during the last quarter.
Axiom Intelligence Acquisition Corp 1 Trading Up 0.1%
AXIN stock opened at $10.35 on Tuesday. The stock has a fifty day moving average of $10.31 and a 200-day moving average of $10.26. Axiom Intelligence Acquisition Corp 1 has a fifty-two week low of $9.95 and a fifty-two week high of $10.45.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised shares of Axiom Intelligence Acquisition Corp 1 from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.
About Axiom Intelligence Acquisition Corp 1
Axiom Intelligence Acquisition Corp 1 is a special purpose acquisition company (SPAC) listed on the Nasdaq Capital Market under the ticker symbol AXIN. The company was formed to raise capital through a public offering and pursue a business combination with an existing private company.
Unlike an operating business, Axiom Intelligence Acquisition Corp 1 does not currently manufacture products or provide commercial services. Its activities are focused on identifying a suitable target, conducting due diligence and negotiating a merger, acquisition or similar transaction.
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