Public Employees Retirement System of Ohio Purchases New Holdings in Liberty Media Acquisition Co. $LMACU

Public Employees Retirement System of Ohio acquired a new stake in shares of Liberty Media Acquisition Co. (OTCMKTS:LMACU) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 431,309 shares of the company’s stock, valued at approximately $40,983,000.

Other hedge funds also recently added to or reduced their stakes in the company. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Liberty Media Acquisition in the 2nd quarter valued at approximately $30,445,000. Ancora Advisors LLC acquired a new position in shares of Liberty Media Acquisition in the second quarter valued at approximately $243,000. Finally, Silver Point Capital L.P. acquired a new position in shares of Liberty Media Acquisition in the second quarter valued at approximately $350,000,000.

Liberty Media Acquisition Stock Up 0.3%

Shares of OTCMKTS LMACU opened at $10.08 on Friday. The stock has a fifty day moving average price of $10.08 and a 200 day moving average price of $10.08. Liberty Media Acquisition Co. has a 1-year low of $9.80 and a 1-year high of $10.85.

Liberty Media Acquisition Profile

Liberty Media Acquisition Corporation (OTCMKTS: LMACU) is a special purpose acquisition company (SPAC) sponsored by Liberty Media Corporation. Incorporated in Delaware in early 2021, the firm raised capital through an initial public offering to pursue a business combination with one or more operating companies. As a blank check company, LMACU holds the net proceeds in a trust account pending the identification and completion of a qualifying transaction.

LMACU’s mandate is to seek strategic acquisitions primarily in the technology, media, telecommunications and consumer sectors.