Healthcare of Ontario Pension Plan Trust Fund Cuts Position in Cal Redwood Acquisition Corp. $CRAQ

Healthcare of Ontario Pension Plan Trust Fund cut its stake in shares of Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) by 71.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 200,000 shares of the company’s stock after selling 500,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Cal Redwood Acquisition were worth $2,030,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Lineage Point Capital LP purchased a new position in shares of Cal Redwood Acquisition in the 4th quarter worth $2,846,000. Alberta Investment Management Corp bought a new position in shares of Cal Redwood Acquisition in the fourth quarter worth approximately $4,072,000. Readystate Asset Management LP bought a new position in Cal Redwood Acquisition in the 4th quarter worth $2,341,000. Rivernorth Capital Management LLC grew its position in shares of Cal Redwood Acquisition by 33.6% during the fourth quarter. Rivernorth Capital Management LLC now owns 397,500 shares of the company’s stock worth $4,015,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Cal Redwood Acquisition by 15.5% during the fourth quarter. Millennium Management LLC now owns 808,737 shares of the company’s stock worth $8,201,000 after acquiring an additional 108,737 shares during the last quarter.

Cal Redwood Acquisition Trading Down 0.4%

Shares of CRAQ stock opened at $10.31 on Friday. Cal Redwood Acquisition Corp. has a fifty-two week low of $9.97 and a fifty-two week high of $10.35. The company has a 50-day moving average price of $10.30.

Cal Redwood Acquisition (NASDAQ:CRAQ) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $2.32 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Cal Redwood Acquisition in a research report on Monday, July 6th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

About Cal Redwood Acquisition

We are a blank check company incorporated on January 7, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.