Marshall Wace LLP recently announced the acquisition of new stake in Iconic Sports Acquisition Corp. (NYSE:ICNC). The institutional investor has increased its shareholding in the Financial company by 0.01% to 1.43 million shares with purchase of 100.0 shares. This fresh investment now brings its stake to 4.15% valued currently at $14.79 million. In addition, Millennium Management LLC raised its holdings by 0.48 million to 1.41 million shares. And Dryden Capital LLC has lifted its position by 7.69% or 100000.0 shares – to 1.4 million shares.
With over 0.5 million Iconic Sports Acquisition Corp. (ICNC) shares trading Friday and a closing price of $10.36 on the day, the dollar volume was approximately $5.2 million. The shares have shown a positive half year performance of 3.75% and its price on 01/13/23 gained nearly 0.05%. Currently, there are 43.12M common shares owned by the public and among those 34.50M shares have been available to trade.
The top 3 mutual fund holders in Iconic Sports Acquisition Corp. are Calamos Market Neutral Income Fun, Lumyna – MW TOPS UCITS Fund, and CrossingBridge Pre-Merger SPAC ET. Calamos Market Neutral Income Fun owns 0.2 million shares of the company’s stock, all valued at over $2.07 million. The company bought an additional 0.2 million shares recently to bring their total holdings to about 0.58% of the shares outstanding. CrossingBridge Pre-Merger SPAC ET now owns shares totaling to 0.38% of the shares outstanding.
However, the script later moved the day high at 10.37, up 0.05%. The company’s stock has a 5-day price change of 0.05% and 2.93% over the past three months. It has a 12-month low price of $9.85 and touched a high of $10.40 over the same period. ICNC has an average intraday trading volume of 72.97K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.30%, 1.11%, and 3.00% respectively.
Institutional ownership of Iconic Sports Acquisition Corp. (NYSE: ICNC) shares accounts for 79.30% of the company’s 43.12M shares outstanding. Mutual fund holders own 2.57%, while other institutional holders and individual stakeholders account for 74.99% and — respectively.
It has a market capitalization of $446.84M. The stock’s trailing 12-month PE ratio is 14.74, while the earnings-per-share (ttm) stands at $0.70. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.13% over the week and 0.10% over the month.