Lineage Point Capital LP Takes Position in Crown Reserve Acquisition Corp. I $CRAC

Lineage Point Capital LP purchased a new position in shares of Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 766,000 shares of the company’s stock, valued at approximately $7,614,000. Crown Reserve Acquisition Corp. I makes up approximately 2.9% of Lineage Point Capital LP’s holdings, making the stock its 4th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Polar Asset Management Partners Inc. bought a new position in Crown Reserve Acquisition Corp. I during the 4th quarter valued at $14,811,000. Magnetar Financial LLC bought a new stake in shares of Crown Reserve Acquisition Corp. I in the 4th quarter worth about $14,761,000. Westchester Capital Management LLC bought a new stake in shares of Crown Reserve Acquisition Corp. I in the 4th quarter worth about $6,063,000. Crossingbridge Advisors LLC acquired a new stake in shares of Crown Reserve Acquisition Corp. I in the 4th quarter valued at about $5,973,000. Finally, Context Capital Management LLC acquired a new stake in shares of Crown Reserve Acquisition Corp. I in the 4th quarter valued at about $4,970,000.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Crown Reserve Acquisition Corp. I from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Crown Reserve Acquisition Corp. I Price Performance

Crown Reserve Acquisition Corp. I stock opened at $10.12 on Friday. Crown Reserve Acquisition Corp. I has a 12 month low of $9.89 and a 12 month high of $10.12. The stock has a fifty day simple moving average of $10.08.

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) last issued its earnings results on Friday, May 15th. The company reported ($0.01) earnings per share for the quarter.

Crown Reserve Acquisition Corp. I Profile

Crown Reserve Acquisition Corp. I (NASDAQ: CRAC) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank?check vehicle, the company was formed to raise capital through a public offering with the primary aim of identifying, negotiating and completing a business combination with one or more operating businesses. Prior to consummation of a qualifying transaction, Crown Reserve Acquisition Corp. I does not engage in substantive commercial operations beyond the activities necessary to carry out its formation and capital?raising objectives.

The company’s principal activities include managing proceeds raised in its initial public offering, maintaining those funds in trust accounts, conducting due diligence on prospective targets and pursuing mergers, acquisitions or other strategic combinations that would enable the combined entity to become an operating public company.