SkyView Investment Advisors LLC bought a new position in shares of Berto Acquisition Corp. (NASDAQ:TACO – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 433,649 shares of the restaurant operator’s stock, valued at approximately $4,549,000. Berto Acquisition comprises 3.8% of SkyView Investment Advisors LLC’s portfolio, making the stock its 3rd biggest holding. SkyView Investment Advisors LLC owned approximately 1.33% of Berto Acquisition as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Governors Lane LP purchased a new stake in Berto Acquisition in the 2nd quarter valued at about $14,162,000. Sona Asset Management US LLC purchased a new position in shares of Berto Acquisition during the 1st quarter worth about $1,697,000. Berkley W R Corp boosted its position in shares of Berto Acquisition by 77.9% in the first quarter. Berkley W R Corp now owns 1,822,598 shares of the restaurant operator’s stock worth $18,682,000 after acquiring an additional 797,864 shares during the last quarter. Levin Capital Strategies L.P. acquired a new stake in shares of Berto Acquisition in the first quarter worth approximately $102,000. Finally, Cannon Global Investment Management LLC boosted its position in shares of Berto Acquisition by 12.7% in the first quarter. Cannon Global Investment Management LLC now owns 41,700 shares of the restaurant operator’s stock worth $427,000 after acquiring an additional 4,700 shares during the last quarter.
Berto Acquisition Trading Down 0.1%
Shares of NASDAQ TACO opened at $10.47 on Tuesday. The stock has a fifty day moving average price of $10.47 and a 200 day moving average price of $10.38. Berto Acquisition Corp. has a 12-month low of $10.11 and a 12-month high of $10.65.
Wall Street Analyst Weigh In
Several equities research analysts have commented on TACO shares. Weiss Ratings upgraded Berto Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 24th. Wall Street Zen lowered Berto Acquisition from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.
Read Our Latest Analysis on Berto Acquisition
Berto Acquisition Company Profile
Berto Acquisition Corp. (NASDAQ:TACO) is a special purpose acquisition company, or SPAC. Unlike an operating company, it was formed to raise capital through a public offering and use the proceeds to pursue a merger, share exchange, asset acquisition, or similar business combination with one or more private companies.
Because Berto Acquisition Corp. is a blank-check company, it does not have an established portfolio of products or services, operating divisions, or a defined customer base.
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