Verition Fund Management LLC Sells 229,341 Shares of Falcon Capital Acquisition Corp. (NASDAQ:FCAC)

Verition Fund Management LLC lowered its stake in shares of Falcon Capital Acquisition Corp. (NASDAQ:FCAC) by 60.5% in the first quarter, Holdings Channel reports. The institutional investor owned 150,000 shares of the company’s stock after selling 229,341 shares during the period. Verition Fund Management LLC’s holdings in Falcon Capital Acquisition were worth $1,496,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. UBS Group AG acquired a new position in shares of Falcon Capital Acquisition during the first quarter valued at about $35,000. Rockefeller Capital Management L.P. acquired a new position in Falcon Capital Acquisition in the first quarter worth about $42,000. Omni Partners LLP raised its position in Falcon Capital Acquisition by 12.4% in the first quarter. Omni Partners LLP now owns 131,821 shares of the company’s stock worth $1,314,000 after purchasing an additional 14,523 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in Falcon Capital Acquisition in the first quarter worth about $159,000. Finally, Evoke Wealth LLC acquired a new position in Falcon Capital Acquisition in the first quarter worth about $199,000. 61.70% of the stock is owned by institutional investors and hedge funds.

Shares of Falcon Capital Acquisition stock opened at $7.17 on Thursday. Falcon Capital Acquisition Corp. has a 1-year low of $8.85 and a 1-year high of $12.81. The business’s 50-day moving average price is $9.26.

Falcon Capital Acquisition Company Profile

Falcon Capital Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more operating businesses. The company was incorporated in 2020 and is based in New York, New York.

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Institutional Ownership by Quarter for Falcon Capital Acquisition (NASDAQ:FCAC)

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