Context Capital Management LLC Has $2.10 Million Holdings in Freedom Acquisition I Corp. $FACT

Key Points

• Context Capital Management reduced its stake in Freedom Acquisition I by 33.3% in the first quarter, selling 100,000 shares and leaving it with 200,000 shares worth about $2.1 million.
• Institutional ownership remains significant, with hedge funds and other investors holding 55.82% of the stock; several firms recently added to or started new positions in FACT.
• Freedom Acquisition I traded near its recent range at $10.63, and the stock currently carries a Sell consensus rating after Weiss Ratings reissued a sell recommendation.

Context Capital Management LLC cut its position in shares of Freedom Acquisition I Corp. (NASDAQ:FACT - Free Report) by 33.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 200,000 shares of the company's stock after selling 100,000 shares during the quarter. Context Capital Management LLC owned 1.01% of Freedom Acquisition I worth $2,100,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FACT. Clear Street Group Inc. raised its holdings in shares of Freedom Acquisition I by 52.6% during the fourth quarter. Clear Street Group Inc. now owns 67,306 shares of the company's stock valued at $701,000 after acquiring an additional 23,209 shares during the period. Moore Capital Management LP acquired a new position in Freedom Acquisition I in the 2nd quarter worth approximately $1,033,000. Sandia Investment Management LP acquired a new position in Freedom Acquisition I in the 2nd quarter worth approximately $1,287,000. Whitebox Advisors LLC purchased a new position in Freedom Acquisition I during the 2nd quarter worth approximately $2,572,000. Finally, Berkley W R Corp grew its position in Freedom Acquisition I by 14.7% during the 4th quarter. Berkley W R Corp now owns 285,082 shares of the company's stock worth $2,968,000 after purchasing an additional 36,572 shares in the last quarter. 55.82% of the stock is currently owned by institutional investors and hedge funds.

Freedom Acquisition I Price Performance

NASDAQ:FACT opened at $10.63 on Monday. Freedom Acquisition I Corp. has a fifty-two week low of $10.26 and a fifty-two week high of $10.75. The stock's 50-day moving average is $10.65 and its two-hundred day moving average is $10.55.

Freedom Acquisition I (NASDAQ:FACT - Get Free Report) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.04 earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Freedom Acquisition I in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of "Sell".

Freedom Acquisition I Profile

Freedom Acquisition I Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses. Freedom Acquisition I Corp. was incorporated in 2020 and is based in New York, New York.

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