Weiss Asset Management LP Purchases New Position in HH&L Acquisition Co. (NYSE:HHLA)

Weiss Asset Management LP purchased a new stake in HH&L Acquisition Co. (NYSE:HHLA – Get Rating) in the third quarter, Holdings Channel reports. The firm purchased 233,647 shares of the company’s stock, valued at approximately $2,322,000.

A number of other large investors have also recently modified their holdings of the company. Hsbc Holdings PLC boosted its holdings in shares of HH&L Acquisition by 17.7% in the third quarter. Hsbc Holdings PLC now owns 1,656,000 shares of the company’s stock valued at $16,461,000 after purchasing an additional 248,702 shares during the period. Saba Capital Management L.P. raised its stake in HH&L Acquisition by 1.4% in the third quarter. Saba Capital Management L.P. now owns 1,464,936 shares of the company’s stock worth $14,561,000 after buying an additional 20,000 shares in the last quarter. Mizuho Markets Americas LLC bought a new position in HH&L Acquisition in the third quarter worth approximately $12,734,000. BNP Paribas Arbitrage SNC bought a new position in HH&L Acquisition in the third quarter worth approximately $4,982,000. Finally, Starboard Value LP bought a new position in HH&L Acquisition in the first quarter worth approximately $1,958,000. Hedge funds and other institutional investors own 64.07% of the company’s stock.

HH&L Acquisition Price Performance

Shares of NYSE:HHLA opened at $10.27 on Friday. The company has a market capitalization of $531.47 million, a price-to-earnings ratio of 46.68 and a beta of -0.01. HH&L Acquisition Co. has a 52 week low of $9.76 and a 52 week high of $10.68. The firm has a 50 day moving average of $10.20 and a 200 day moving average of $10.07.

About HH&L Acquisition

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HH&L Acquisition Co 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. It intends to focus on healthcare or healthcare-related companies in Asian markets.