Bluescape Opportunities Acquisition Corp. (NYSE:BOAC) Major Shareholder Sells $8,340,609.92 in Stock

Bluescape Opportunities Acquisition Corp. (NYSE:BOAC – Get Rating) major shareholder Brahman Capital Corp. sold 853,696 shares of the company’s stock in a transaction that occurred on Friday, January 13th. The stock was sold at an average price of $9.77, for a total transaction of $8,340,609.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Brahman Capital Corp. also recently made the following trade(s):

• On Wednesday, January 11th, Brahman Capital Corp. sold 47,456 shares of Bluescape Opportunities Acquisition stock. The stock was sold at an average price of $9.80, for a total transaction of $465,068.80.

Bluescape Opportunities Acquisition Price Performance

BOAC opened at $9.79 on Friday. Bluescape Opportunities Acquisition Corp. has a fifty-two week low of $9.71 and a fifty-two week high of $10.51. The company’s 50 day moving average price is $9.85 and its two-hundred day moving average price is $9.89.

Institutional Investors Weigh In On Bluescape Opportunities Acquisition

A number of institutional investors and hedge funds have recently modified their holdings of BOAC. Baird Financial Group Inc. bought a new stake in Bluescape Opportunities Acquisition in the 3rd quarter worth about $731,000. Prelude Capital Management LLC grew its position in shares of Bluescape Opportunities Acquisition by 57.6% during the 2nd quarter. Prelude Capital Management LLC now owns 413,919 shares of the company’s stock worth $4,102,000 after buying an additional 151,262 shares in the last quarter. Centiva Capital LP boosted its position in Bluescape Opportunities Acquisition by 857.7% during the second quarter. Centiva Capital LP now owns 334,925 shares of the company’s stock valued at $3,319,000 after purchasing an additional 299,954 shares in the last quarter. Woodline Partners LP purchased a new stake in Bluescape Opportunities Acquisition in the second quarter valued at about $5,322,000. Finally, Kohlberg Kravis Roberts & Co. L.P. raised its stake in shares of Bluescape Opportunities Acquisition by 3.2% in the second quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 480,562 shares of the company’s stock worth $4,762,000 after purchasing an additional 15,100 shares during the last quarter. 7.31% of the stock is owned by hedge funds and other institutional investors.

Bluescape Opportunities Acquisition Company Profile

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Bluescape Opportunities Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on businesses in the energy and industrials sectors.