Mizuho Securities USA LLC reduced its stake in shares of Newbury Street Acquisition Co. (NASDAQ:NBST - Free Report) by 20.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 319,569 shares of the company's stock after selling 79,737 shares during the period. Mizuho Securities USA LLC owned approximately 5.45% of Newbury Street Acquisition worth $3,403,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Cowen AND Company LLC acquired a new position in shares of Newbury Street Acquisition in the 3rd quarter valued at $1,418,000. Wolverine Asset Management LLC purchased a new stake in shares of Newbury Street Acquisition during the 3rd quarter worth about $621,000. Hudson Bay Capital Management LP grew its position in shares of Newbury Street Acquisition by 127.0% during the 3rd quarter. Hudson Bay Capital Management LP now owns 446,802 shares of the company's stock valued at $4,651,000 after acquiring an additional 250,000 shares during the period. Finally, TrueMark Investments LLC acquired a new position in Newbury Street Acquisition in the 4th quarter worth about $223,000. Hedge funds and other institutional investors own 35.91% of the company's stock.
Newbury Street Acquisition Stock Performance
NBST stock remained flat at $10.84 during mid-day trading on Friday. Newbury Street Acquisition Co. has a 12 month low of $10.29 and a 12 month high of $11.83. The company's fifty day moving average price is $10.82 and its two-hundred day moving average price is $10.76.
About Newbury Street Acquisition
(
Free Report)
Newbury Street Acquisition Corporation does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on technology business in the consumer internet or media space, including sports and entertainment verticals.
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