Cartica Acquisition Corp (NASDAQ:CITE) Shares Sold by Citigroup Inc.

Citigroup Inc. cut its position in Cartica Acquisition Corp (NASDAQ:CITE – Get Rating) by 19.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 203,907 shares of the company’s stock after selling 49,794 shares during the period. Citigroup Inc.’s holdings in Cartica Acquisition were worth $2,110,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Spring Creek Capital LLC purchased a new stake in Cartica Acquisition during the 1st quarter worth about $3,998,000. Starboard Value LP purchased a new stake in Cartica Acquisition during the 1st quarter valued at approximately $5,393,000. PEAK6 Investments LLC purchased a new stake in Cartica Acquisition during the 1st quarter valued at approximately $2,000,000. Woodline Partners LP purchased a new stake in Cartica Acquisition during the 1st quarter valued at approximately $1,499,000. Finally, Berkley W R Corp acquired a new position in Cartica Acquisition during the 1st quarter worth approximately $250,000. 63.75% of the stock is owned by institutional investors and hedge funds.

Cartica Acquisition Stock Performance

NASDAQ CITE opened at $10.64 on Thursday. The business’s 50 day moving average is $10.57 and its two-hundred day moving average is $10.44. Cartica Acquisition Corp has a 12-month low of $9.98 and a 12-month high of $10.65.

About Cartica Acquisition

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Cartica Acquisition Corp does not have any 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 identify and complete a business combination in the technology sector in India.