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Who is the Top Investor In AltC Acquisition Corp (ALCC)?

AltC Acquisition Corp (NYSE: ALCC) is 21.87% higher on its value in year-to-date trading and has touched a low of $10.10 and a high of $12.69 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ALCC stock was last observed hovering at around $12.60 in the last trading session, with the day’s gains setting it 0.27%.

Currently trading at $12.87, the stock is 16.90% and 18.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.82 million and changing 2.14% at the moment leaves the stock 22.43% off its SMA200. ALCC registered 26.80% gain for a year compared to 6-month gain of 24.59%. The firm has a 200-day simple moving average (SMA200) of -$126.78.

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The stock witnessed a 20.85% loss in the last 1 month and extending the period to 3 months gives it a 21.42%, and is 16.47% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.40% over the week and 2.00% over the month.

AltC Acquisition Corp (ALCC) has around 2 employees, a market worth around $554.70M and $0.00M in sales. Current P/E ratio is 64.38. Distance from 52-week low is 27.43% and 1.42% from its 52-week high. The company has generated returns on investments over the last 12 months (4.02%).

44 institutions hold shares in AltC Acquisition Corp (ALCC), with institutional investors hold 90.98% of the company’s shares. The shares outstanding are 30.60M, and float is at 28.75M with Short Float at 0.04%. Institutions hold 86.66% of the Float.

The top institutional shareholder in the company is Empyrean Capital Partners, LP with over 4.85 million shares valued at $50.56 million. The investor’s holdings represent 9.42% of the ALCC Shares outstanding. As of Jun 29, 2023, the second largest holder is Tiger Global Management, LLC with 4.0 million shares valued at $41.72 million to account for 7.77% of the shares outstanding. The other top investors are Magnetar Financial LLC which holds 3.17 million shares representing 6.15% and valued at over $33.01 million, while Ehp Funds Inc. holds 4.94% of the shares totaling 2.54 million with a market value of $26.49 million.

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