Wolverine Asset Management LLC decreased its stake in shares of EG Acquisition Corp. (NYSE:EGGF – Free Report) by 98.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,021 shares of the company’s stock after selling 220,046 shares during the quarter. Wolverine Asset Management LLC’s holdings in EG Acquisition were worth $31,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in EGGF. RPO LLC purchased a new position in shares of EG Acquisition in the fourth quarter worth $2,320,000. Goldman Sachs Group Inc. raised its stake in shares of EG Acquisition by 42.8% in the second quarter. Goldman Sachs Group Inc. now owns 667,789 shares of the company’s stock worth $6,501,000 after purchasing an additional 200,000 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of EG Acquisition in the first quarter worth $4,286,000. Centiva Capital LP purchased a new position in shares of EG Acquisition in the second quarter worth $1,069,000. Finally, Basso Capital Management L.P. purchased a new position in shares of EG Acquisition in the first quarter worth $487,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.
EG Acquisition Price Performance
Shares of EGGF opened at $10.50 on Thursday. EG Acquisition Corp. has a one year low of $9.75 and a one year high of $10.50. The business has a fifty day moving average of $10.36 and a 200 day moving average of $10.24.
EG Acquisition Company Profile
EG Acquisition Corp., a blank check company, intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. EG Acquisition Corp. was incorporated in 2021 and is based in New York, New York.
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