Tristar Acquisition I Corp. (NYSE:TRIS) Shares Acquired by Picton Mahoney Asset Management

Picton Mahoney Asset Management boosted its holdings in Tristar Acquisition I Corp. (NYSE:TRIS) by 406.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,013,160 shares of the company’s stock after acquiring an additional 813,160 shares during the period. Picton Mahoney Asset Management owned 6.19% of Tristar Acquisition I worth $10,927,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC purchased a new stake in Tristar Acquisition I during the 3rd quarter worth about $5,889,000. Cowen AND Company LLC lifted its stake in shares of Tristar Acquisition I by 313.0% during the third quarter. Cowen AND Company LLC now owns 498,826 shares of the company’s stock valued at $5,332,000 after buying an additional 378,032 shares during the period. Karpus Management Inc. acquired a new stake in Tristar Acquisition I during the third quarter worth approximately $1,196,000. Finally, BCK Capital Management LP grew its stake in Tristar Acquisition I by 25.0% in the 4th quarter. BCK Capital Management LP now owns 92,835 shares of the company’s stock worth $1,001,000 after acquiring an additional 18,567 shares during the period. 62.44% of the stock is currently owned by hedge funds and other institutional investors.

Tristar Acquisition I Stock Performance

TRIS stock traded up $0.01 on Tuesday, hitting $11.05. 2,249 shares of the company were exchanged, compared to its average volume of 51,001. Tristar Acquisition I Corp. has a twelve month low of $10.36 and a twelve month high of $11.07. The business’s fifty day moving average is $10.97 and its two-hundred day moving average is $10.87.

About Tristar Acquisition I

Tristar Acquisition I Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It focuses on targeting a telecommunications and technology oriented company.