Primavera Capital Acquisition (NYSE:PV) Stock Price Down 4.7%

Primavera Capital Acquisition Co. (NYSE:PVGet Free Report) shares dropped 4.7% during mid-day trading on Monday . The stock traded as low as $1.99 and last traded at $2.04. Approximately 3,595 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 103,184 shares. The stock had previously closed at $2.14.

Primavera Capital Acquisition Price Performance

The stock has a fifty day simple moving average of $3.33 and a 200-day simple moving average of $3.95. The company has a market capitalization of $109.65 million, a price-to-earnings ratio of 6.18 and a beta of 0.01.

Hedge Funds Weigh In On Primavera Capital Acquisition

Large investors have recently modified their holdings of the business. Basso Capital Management L.P. purchased a new stake in Primavera Capital Acquisition during the 1st quarter worth about $121,000. Bank of America Corp DE acquired a new stake in shares of Primavera Capital Acquisition in the 1st quarter valued at approximately $185,000. Kohlberg Kravis Roberts & Co. L.P. increased its stake in Primavera Capital Acquisition by 473.5% in the 1st quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 122,235 shares of the company’s stock valued at $1,202,000 after purchasing an additional 100,922 shares in the last quarter. Nomura Holdings Inc. increased its position in Primavera Capital Acquisition by 10.7% during the first quarter. Nomura Holdings Inc. now owns 377,118 shares of the company’s stock worth $3,711,000 after buying an additional 36,441 shares in the last quarter. Finally, Westchester Capital Management LLC purchased a new position in Primavera Capital Acquisition during the third quarter worth $4,712,000. Institutional investors and hedge funds own 49.98% of the company’s stock.

About Primavera Capital Acquisition

(Get Free Report)

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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