Primavera Capital Acquisition (NYSE:PV) Hits New 12-Month High at $9.88

Primavera Capital Acquisition Co. (NYSE:PVGet Rating) reached a new 52-week high during trading on Thursday . The stock traded as high as $9.88 and last traded at $9.81, with a volume of 2029 shares trading hands. The stock had previously closed at $9.82.

The company’s 50 day moving average price is $9.83 and its two-hundred day moving average price is $9.79.

Primavera Capital Acquisition (NYSE:PVGet Rating) last announced its earnings results on Friday, May 13th. The company reported $0.01 EPS for the quarter.

A number of large investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC bought a new position in shares of Primavera Capital Acquisition in the first quarter worth approximately $18,415,000. Saba Capital Management L.P. increased its stake in shares of Primavera Capital Acquisition by 28.7% in the first quarter. Saba Capital Management L.P. now owns 1,561,862 shares of the company’s stock worth $15,353,000 after purchasing an additional 348,503 shares in the last quarter. Spartan Fund Management Inc. purchased a new stake in shares of Primavera Capital Acquisition in the first quarter worth $2,676,000. Kohlberg Kravis Roberts & Co. L.P. increased its stake in shares of Primavera Capital Acquisition by 473.5% in the first quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 122,235 shares of the company’s stock worth $1,202,000 after purchasing an additional 100,922 shares in the last quarter. Finally, Prelude Capital Management LLC increased its stake in shares of Primavera Capital Acquisition by 25.2% in the first quarter. Prelude Capital Management LLC now owns 189,412 shares of the company’s stock worth $1,862,000 after purchasing an additional 38,102 shares in the last quarter. 49.74% of the stock is owned by institutional investors and hedge funds.

About Primavera Capital Acquisition (NYSE:PV)

Primavera Capital Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses in consumer companies China. The company was incorporated in 2020 and is based in Central, Hong Kong.

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