Marquee Raine Acquisition Corp. (NASDAQ:MRAC) Holdings Raised by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. boosted its stake in Marquee Raine Acquisition Corp. (NASDAQ:MRAC) by 1,433.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 230,000 shares of the company’s stock after buying an additional 215,000 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Marquee Raine Acquisition were worth $2,277,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Walleye Trading LLC bought a new position in Marquee Raine Acquisition in the 1st quarter worth $100,000. Walleye Capital LLC bought a new position in Marquee Raine Acquisition in the 1st quarter worth $150,000. Geode Capital Management LLC bought a new position in Marquee Raine Acquisition in the 1st quarter worth $178,000. Berkley W R Corp bought a new position in Marquee Raine Acquisition in the 1st quarter worth $196,000. Finally, Easterly Investment Partners LLC bought a new position in Marquee Raine Acquisition in the 1st quarter worth $198,000. Institutional investors own 60.05% of the company’s stock.

Several analysts have issued reports on MRAC shares. Loop Capital initiated coverage on shares of Marquee Raine Acquisition in a research report on Tuesday, July 13th. They issued a “hold” rating and a $11.00 price target on the stock. Zacks Investment Research lowered shares of Marquee Raine Acquisition from a “hold” rating to a “sell” rating in a research report on Friday, September 17th. Finally, Telsey Advisory Group initiated coverage on shares of Marquee Raine Acquisition in a research report on Friday, July 16th. They set an “outperform” rating and a $14.00 target price on the stock.

Shares of MRAC stock opened at $10.00 on Thursday. Marquee Raine Acquisition Corp. has a 12-month low of $9.71 and a 12-month high of $13.11. The firm has a 50-day moving average price of $9.91 and a 200 day moving average price of $9.92.

Marquee Raine Acquisition Company Profile

Marquee Raine Acquisition Corp., a blank check company, intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses or entities. The company was founded in 2020 and is based in New York, New York.

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Institutional Ownership by Quarter for Marquee Raine Acquisition (NASDAQ:MRAC)

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