Range Capital Acquisition Corp. $RANG Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in Range Capital Acquisition Corp. (NASDAQ:RANG) by 50.0% in the first quarter, HoldingsChannel.com reports. The firm owned 100,000 shares of the company’s stock after selling 100,000 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Range Capital Acquisition were worth $1,052,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RANG. Glazer Capital LLC purchased a new stake in Range Capital Acquisition during the fourth quarter worth about $104,000. Jane Street Group LLC purchased a new position in Range Capital Acquisition in the second quarter valued at about $112,000. Radcliffe Capital Management L.P. purchased a new position in Range Capital Acquisition in the second quarter valued at about $188,000. Virtu Financial LLC acquired a new stake in shares of Range Capital Acquisition during the 4th quarter valued at approximately $444,000. Finally, Moore Capital Management LP acquired a new stake in shares of Range Capital Acquisition during the 2nd quarter valued at approximately $925,000.

Range Capital Acquisition Stock Performance

Shares of Range Capital Acquisition stock opened at $10.72 on Friday. The business has a 50 day moving average price of $10.64 and a 200 day moving average price of $10.55. Range Capital Acquisition Corp. has a 1 year low of $10.24 and a 1 year high of $11.66.

Range Capital Acquisition (NASDAQ:RANG) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Range Capital Acquisition in a research note on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Range Capital Acquisition Profile

Range Capital Acquisition Corp is a publicly traded special purpose acquisition company (SPAC) listed on the NASDAQ under the symbol RANG. The company was formed to raise capital through an initial public offering with the goal of effecting a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. As a blank?check vehicle, it does not currently operate any underlying business but seeks to identify a suitable target that aligns with its investment criteria.

The SPAC is sponsored by Range Capital Partners, a private equity firm with a background in investing across industrial, energy and infrastructure sectors.