Marathon Trading Investment Management LLC boosted its stake in Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH – Get Rating) by 3.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 186,376 shares of the company’s stock after buying an additional 6,700 shares during the period. Pershing Square Tontine accounts for approximately 0.3% of Marathon Trading Investment Management LLC’s holdings, making the stock its 14th largest position. Marathon Trading Investment Management LLC’s holdings in Pershing Square Tontine were worth $3,675,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. PSI Advisors LLC acquired a new stake in shares of Pershing Square Tontine during the third quarter worth approximately $54,000. Ancora Advisors LLC acquired a new stake in Pershing Square Tontine during the 3rd quarter valued at $59,000. Diligent Investors LLC bought a new position in Pershing Square Tontine in the 4th quarter valued at $197,000. Alan B. Lancz & Associates Inc. acquired a new position in Pershing Square Tontine in the fourth quarter worth $269,000. Finally, Sculptor Capital LP acquired a new position in Pershing Square Tontine in the third quarter worth $288,000. Hedge funds and other institutional investors own 61.37% of the company’s stock.
Shares of Pershing Square Tontine stock traded up $0.03 during trading on Tuesday, reaching $19.86. The company’s stock had a trading volume of 20,213 shares, compared to its average volume of 943,832. The stock has a 50-day moving average price of $19.85 and a two-hundred day moving average price of $19.86. Pershing Square Tontine Holdings, Ltd. has a one year low of $19.54 and a one year high of $26.07.
Pershing Square Tontine Holdings, Ltd. 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. Pershing Square Tontine Holdings, Ltd. was incorporated in 2020 and is based in New York, New York.
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