Charlton Aria Acquisition (NASDAQ:CHAR) Releases Quarterly Earnings Results

Charlton Aria Acquisition (NASDAQ:CHAR) released its quarterly earnings data on Thursday. The company reported $0.05 EPS for the quarter, FiscalAI reports.

Charlton Aria Acquisition Price Performance

CHAR stock traded up $0.02 during trading on Thursday, reaching $10.91. 10,448 shares of the company traded hands, compared to its average volume of 18,841. Charlton Aria Acquisition has a 12 month low of $10.30 and a 12 month high of $11.00. The company’s 50 day moving average price is $10.81.

Institutional Investors Weigh In On Charlton Aria Acquisition

Several hedge funds have recently modified their holdings of CHAR. ABC Arbitrage SA purchased a new stake in shares of Charlton Aria Acquisition during the fourth quarter worth $209,000. Glazer Capital LLC raised its stake in shares of Charlton Aria Acquisition by 5.3% in the fourth quarter. Glazer Capital LLC now owns 50,242 shares of the company’s stock valued at $526,000 after acquiring an additional 2,528 shares in the last quarter. Sona Asset Management US LLC purchased a new position in shares of Charlton Aria Acquisition in the 1st quarter valued at about $1,058,000. Clear Street Group Inc. raised its holdings in shares of Charlton Aria Acquisition by 277.6% in the 4th quarter. Clear Street Group Inc. now owns 116,977 shares of the company’s stock valued at $1,222,000 after purchasing an additional 86,000 shares in the last quarter. Finally, Berkley W R Corp lifted its holdings in Charlton Aria Acquisition by 19.4% during the 1st quarter. Berkley W R Corp now owns 878,975 shares of the company’s stock worth $9,304,000 after buying an additional 142,746 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Charlton Aria Acquisition in a report on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Charlton Aria Acquisition Corp. (NASDAQ: CHAR) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank-check vehicle, its primary business purpose is to identify, negotiate and complete a business combination, merger, capital stock exchange, asset acquisition or similar transaction with one or more operating businesses. SPACs such as Charlton Aria raise capital through public offerings and seek to use those proceeds to acquire a private company and take it public through the combination.

Like other SPACs, Charlton Aria’s principal activities center on sourcing potential targets, conducting due diligence, negotiating transaction terms and securing shareholder and regulatory approvals for a proposed business combination.