Spartan Fund Management Inc. bought a new stake in AI Transportation Acquisition Corp (NASDAQ:AITR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 46,813 shares of the company's stock, valued at approximately $504,000. AI Transportation Acquisition comprises about 1.9% of Spartan Fund Management Inc.'s investment portfolio, making the stock its 19th largest holding. Spartan Fund Management Inc. owned 0.60% of AI Transportation Acquisition as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the company. Yakira Capital Management Inc. purchased a new position in AI Transportation Acquisition in the fourth quarter worth $376,000. Wolverine Asset Management LLC boosted its position in shares of AI Transportation Acquisition by 15.9% in the 4th quarter. Wolverine Asset Management LLC now owns 420,301 shares of the company's stock worth $4,518,000 after purchasing an additional 57,631 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its position in shares of AI Transportation Acquisition by 142.4% in the 4th quarter. Mizuho Securities USA LLC now owns 556,500 shares of the company's stock worth $5,955,000 after purchasing an additional 326,883 shares in the last quarter. 81.89% of the stock is currently owned by institutional investors.
AI Transportation Acquisition Price Performance
AI Transportation Acquisition stock remained flat at $11.00 during midday trading on Monday. The stock's fifty day moving average price is $10.96 and its two-hundred day moving average price is $10.79. AI Transportation Acquisition Corp has a 12-month low of $10.30 and a 12-month high of $11.02.
AI Transportation Acquisition Company Profile
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Free Report)
AI Transportation Acquisition Corp does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on businesses in the transportation field, including logistics, new energy vehicles, smart parking, on-board chips and AI algorithms, automotive services, and related areas of intelligent transportation.
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