Picton Mahoney Asset Management Acquires New Position in Chenghe Acquisition I Co. (NASDAQ:LATG)

Picton Mahoney Asset Management acquired a new stake in Chenghe Acquisition I Co. (NASDAQ:LATG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 154,000 shares of the company’s stock, valued at approximately $1,700,000. Picton Mahoney Asset Management owned 1.74% of Chenghe Acquisition I as of its most recent SEC filing.

Separately, Wolverine Asset Management LLC raised its position in Chenghe Acquisition I by 87.9% during the fourth quarter. Wolverine Asset Management LLC now owns 251,527 shares of the company’s stock worth $2,774,000 after acquiring an additional 117,641 shares during the last quarter. Institutional investors own 50.85% of the company’s stock.

Chenghe Acquisition I Stock Performance

Shares of LATG opened at $11.30 on Thursday. The stock has a market cap of $81.25 million, a P/E ratio of 376.79 and a beta of -0.01. The company has a 50-day moving average of $11.25 and a two-hundred day moving average of $11.12. Chenghe Acquisition I Co. has a 12-month low of $10.55 and a 12-month high of $11.76.

Chenghe Acquisition I (NASDAQ:LATG) last announced its earnings results on Friday, April 12th. The company reported ($0.30) earnings per share (EPS) for the quarter.

About Chenghe Acquisition I

Chenghe Acquisition I Co does not have significant operations. The company focuses on effecting a merger, share exchange, share purchase, asset acquisition, reorganization, or similar business combination with one or more businesses. It intends to focus its search for an initial business combination on businesses in Latin America or Hispanic-owned businesses in the United States.