Scopus Asset Management L.P. acquired a new position in shares of Sandbridge Acquisition Co. (NYSE:SBG) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 925,000 shares of the company’s stock, valued at approximately $9,167,000. Scopus Asset Management L.P. owned 0.13% of Sandbridge Acquisition at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of SBG. Morgan Stanley grew its stake in Sandbridge Acquisition by 37,398.5% in the 1st quarter. Morgan Stanley now owns 25,124 shares of the company’s stock valued at $249,000 after acquiring an additional 25,057 shares during the period. Citadel Advisors LLC acquired a new stake in Sandbridge Acquisition in the 1st quarter valued at $1,027,000. TIG Advisors LLC acquired a new stake in Sandbridge Acquisition in the 1st quarter valued at $2,818,000. Vivaldi Asset Management LLC acquired a new stake in Sandbridge Acquisition in the 1st quarter valued at $1,833,000. Finally, Royal Bank of Canada acquired a new stake in Sandbridge Acquisition in the 1st quarter valued at $26,000.
Sandbridge Acquisition stock traded down $0.87 during trading on Thursday, reaching $8.00. The company had a trading volume of 194,307 shares, compared to its average volume of 346,755. The company has a 50-day moving average of $9.82. Sandbridge Acquisition Co. has a 1-year low of $8.27 and a 1-year high of $11.56.
Sandbridge Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Los Angeles, California.
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