Westchester Capital Management LLC Buys 275,000 Shares of Bleichroeder Acquisition Corp. I $BACQ

Key Points

• Westchester Capital Management LLC increased its holdings in Bleichroeder Acquisition Corp. I by 22.2% during the first quarter, bringing its total shares to 1,515,000.
• Several other institutional investors also made significant changes in their positions, such as Wolverine Asset Management increasing its stake by 408.3%.
• Bleichroeder Acquisition Corp. I's stock was recently rated as a "hold" by Wall Street Zen, reflecting a cautious outlook for the company.

Westchester Capital Management LLC boosted its stake in shares of Bleichroeder Acquisition Corp. I (NASDAQ:BACQ - Free Report) by 22.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,515,000 shares of the company's stock after purchasing an additional 275,000 shares during the quarter. Bleichroeder Acquisition Corp. I accounts for approximately 0.8% of Westchester Capital Management LLC's holdings, making the stock its 24th biggest position. Westchester Capital Management LLC owned 4.49% of Bleichroeder Acquisition Corp. I worth $15,195,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BACQ. AQR Arbitrage LLC acquired a new position in Bleichroeder Acquisition Corp. I during the 4th quarter valued at $18,917,000. Hudson Bay Capital Management LP bought a new stake in Bleichroeder Acquisition Corp. I in the 4th quarter valued at $14,790,000. Polar Asset Management Partners Inc. bought a new stake in Bleichroeder Acquisition Corp. I in the 4th quarter valued at $12,325,000. D. E. Shaw & Co. Inc. bought a new stake in Bleichroeder Acquisition Corp. I in the 4th quarter valued at $12,202,000. Finally, Saba Capital Management L.P. bought a new stake in Bleichroeder Acquisition Corp. I in the 4th quarter valued at $12,083,000.

Bleichroeder Acquisition Corp. I Stock Performance

Shares of BACQ remained flat at $10.38 during trading hours on Friday. 1,799 shares of the stock traded hands, compared to its average volume of 131,858. The company's 50 day moving average price is $10.35 and its two-hundred day moving average price is $10.18. Bleichroeder Acquisition Corp. I has a fifty-two week low of $9.80 and a fifty-two week high of $10.55.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Bleichroeder Acquisition Corp. I to a "hold" rating in a report on Friday, June 27th.

Bleichroeder Acquisition Corp. I Profile

Bleichroeder Acquisition Corp. I is a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded by Andrew Stephen Gundlach and Michel Combes on June 24, 2024 and is headquartered in New York, NY.