Keen Vision Acquisition Corporation $KVAC Shares Sold by Polar Asset Management Partners Inc.

Key Points

• Polar Asset Management cut its stake in Keen Vision Acquisition by 84.4% in Q3, selling 126,600 shares and leaving it with 23,400 shares (about 0.25% of the company) valued at $271,000.
• Berkley W R Corp increased its position by 52.7% to 1,046,168 shares (≈$11.9M), while new stakes were established by Meteora Capital, Clear Street Group and Crossingbridge, leaving institutional investors with about 51.72% ownership.
• Weiss Ratings upgraded KVAC from "sell (d+)" to "hold (c-)", and the stock is trading around $12.00 with a 52-week range of $11.19–$12.20 and 50/200-day moving averages near $11.91/$11.77.

Polar Asset Management Partners Inc. lowered its stake in shares of Keen Vision Acquisition Corporation (NASDAQ:KVAC - Free Report) by 84.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,400 shares of the company's stock after selling 126,600 shares during the quarter. Polar Asset Management Partners Inc. owned about 0.25% of Keen Vision Acquisition worth $271,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Meteora Capital LLC purchased a new stake in Keen Vision Acquisition in the third quarter valued at approximately $120,000. Clear Street Group Inc. purchased a new position in Keen Vision Acquisition during the third quarter worth approximately $380,000. Crossingbridge Advisors LLC acquired a new position in shares of Keen Vision Acquisition in the 3rd quarter valued at $755,000. Finally, Berkley W R Corp grew its stake in shares of Keen Vision Acquisition by 52.7% during the 2nd quarter. Berkley W R Corp now owns 1,046,168 shares of the company's stock valued at $11,895,000 after buying an additional 361,071 shares during the period. 51.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Keen Vision Acquisition from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of "Hold".

Keen Vision Acquisition Price Performance

KVAC opened at $12.00 on Friday. The firm has a 50 day moving average price of $11.91 and a 200 day moving average price of $11.77. Keen Vision Acquisition Corporation has a 1 year low of $11.19 and a 1 year high of $12.20.

About Keen Vision Acquisition

Keen Vision Acquisition Corp is a Delaware‐incorporated special purpose acquisition company (SPAC) that completed its initial public offering in 2021. Trading on the Nasdaq under the ticker KVAC, the company raised capital through the sale of units priced at $10.00 each. Proceeds from the offering are held in a trust account pending the identification and completion of a business combination.

The company's principal business activity is to seek a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or assets.

Want to see what other hedge funds are holding KVAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keen Vision Acquisition Corporation (NASDAQ:KVAC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.