Westchester Capital Management LLC acquired a new stake in AI Transportation Acquisition Corp (NASDAQ:AITR – Free Report) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 177,500 shares of the company’s stock, valued at approximately $1,860,000.
Several other hedge funds have also recently bought and sold shares of AITR. Virtu Financial LLC purchased a new stake in AI Transportation Acquisition during the 1st quarter worth about $379,000. Cowen AND Company LLC raised its holdings in AI Transportation Acquisition by 90.4% in the second quarter. Cowen AND Company LLC now owns 252,706 shares of the company’s stock valued at $2,616,000 after acquiring an additional 120,000 shares in the last quarter. Shaolin Capital Management LLC purchased a new position in AI Transportation Acquisition in the second quarter worth approximately $2,637,000. Finally, Wolverine Asset Management LLC grew its holdings in AI Transportation Acquisition by 53.4% during the 3rd quarter. Wolverine Asset Management LLC now owns 362,670 shares of the company’s stock worth $3,801,000 after acquiring an additional 126,322 shares in the last quarter. Institutional investors and hedge funds own 81.89% of the company’s stock.
AI Transportation Acquisition Stock Performance
Shares of AITR opened at $10.66 on Friday. The firm’s fifty day simple moving average is $10.55 and its 200-day simple moving average is $10.44. AI Transportation Acquisition Corp has a twelve month low of $10.11 and a twelve month high of $10.66.
About AI Transportation Acquisition
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.
Further Reading
- Five stocks we like better than AI Transportation Acquisition
- Stock Market Sectors: What Are They and How Many Are There?
- MarketBeat Week in Review – 11/25 – 11/29
- EV Stocks and How to Profit from Them
- These 3 Stocks Are Heavy Hitters in Alternative Asset Management
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- The Latest 13F Filings Are In: See Where Big Money Is Flowing
Want to see what other hedge funds are holding AITR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AI Transportation Acquisition Corp (NASDAQ:AITR – Free Report).
Receive News & Ratings for AI Transportation Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AI Transportation Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.
