191,584 Shares in Texas Ventures Acquisition III Corp $TVA Purchased by SkyView Investment Advisors LLC

Key Points

• SkyView Investment Advisors purchased 191,584 shares of Texas Ventures Acquisition III, valued at approximately $2.02 million, giving it a 0.72% stake and making TVA its 15th-largest holding.
• Several institutional investors also increased or initiated positions, while TVA’s stock remained relatively stable near $10.55, with a 52-week range of $10.12 to $12.27. The company reported quarterly EPS of $0.05.
• Analyst sentiment is negative: Wall Street Zen and Weiss Ratings both issued sell-related ratings, resulting in a consensus “Sell” rating. TVA remains a SPAC without a publicly disclosed merger target or completed business combination.

SkyView Investment Advisors LLC bought a new stake in Texas Ventures Acquisition III Corp (NASDAQ:TVA - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 191,584 shares of the company's stock, valued at approximately $2,021,000. Texas Ventures Acquisition III makes up about 1.7% of SkyView Investment Advisors LLC's holdings, making the stock its 15th largest holding. SkyView Investment Advisors LLC owned 0.72% of Texas Ventures Acquisition III at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Lincoln Capital Corp bought a new stake in shares of Texas Ventures Acquisition III during the 1st quarter worth about $520,000. Fifth Lane Capital LP bought a new position in shares of Texas Ventures Acquisition III in the fourth quarter valued at approximately $952,000. DLD Asset Management LP increased its stake in shares of Texas Ventures Acquisition III by 106.9% during the first quarter. DLD Asset Management LP now owns 197,072 shares of the company's stock valued at $2,048,000 after acquiring an additional 101,805 shares during the period. Governors Lane LP increased its stake in shares of Texas Ventures Acquisition III by 11.5% during the fourth quarter. Governors Lane LP now owns 468,058 shares of the company's stock valued at $4,985,000 after acquiring an additional 48,258 shares during the period. Finally, Mercuria Capital Strategies LLC bought a new stake in Texas Ventures Acquisition III during the fourth quarter worth approximately $5,325,000.

Texas Ventures Acquisition III Stock Performance

NASDAQ:TVA opened at $10.55 on Tuesday. Texas Ventures Acquisition III Corp has a 1-year low of $10.12 and a 1-year high of $12.27. The stock has a fifty day simple moving average of $10.53 and a 200 day simple moving average of $10.48.

Texas Ventures Acquisition III (NASDAQ:TVA - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.05 earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wall Street Zen lowered Texas Ventures Acquisition III from a "hold" rating to a "sell" rating in a research note on Saturday, May 23rd. Weiss Ratings reissued a "sell (d)" rating on shares of Texas Ventures Acquisition III in a research note on Thursday, August 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of "Sell".

Texas Ventures Acquisition III Profile

Texas Ventures Acquisition III Corp. is a special purpose acquisition company (SPAC) listed on Nasdaq under the symbol TVA. The company was formed to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses.

Unlike an operating company, Texas Ventures Acquisition III does not currently market products or provide services to customers. Its activities are primarily focused on identifying and evaluating potential acquisition targets, negotiating a transaction and completing a business combination.

The company has not publicly disclosed a completed business combination, a specific target industry or a defined geographic market served.

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