Levin Capital Strategies L.P. Sells 50,000 Shares of AltC Acquisition Corp. (NYSE:ALCC)

Levin Capital Strategies L.P. decreased its holdings in shares of AltC Acquisition Corp. (NYSE:ALCC) by 18.7% during the fourth quarter, HoldingsChannel reports. The firm owned 217,100 shares of the company’s stock after selling 50,000 shares during the period. Levin Capital Strategies L.P.’s holdings in AltC Acquisition were worth $2,293,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ALCC. Citigroup Inc. purchased a new stake in AltC Acquisition during the third quarter worth $2,588,000. Hsbc Holdings PLC boosted its position in shares of AltC Acquisition by 40.6% in the 3rd quarter. Hsbc Holdings PLC now owns 492,187 shares of the company’s stock worth $5,092,000 after purchasing an additional 142,188 shares in the last quarter. K2 Principal Fund L.P. purchased a new position in AltC Acquisition during the 3rd quarter worth $1,478,000. MMCAP International Inc. SPC raised its stake in AltC Acquisition by 80.8% in the third quarter. MMCAP International Inc. SPC now owns 1,084,669 shares of the company’s stock valued at $11,226,000 after buying an additional 484,669 shares during the last quarter. Finally, Meteora Capital LLC boosted its holdings in AltC Acquisition by 1,303.4% in the third quarter. Meteora Capital LLC now owns 3,480,078 shares of the company’s stock worth $36,019,000 after acquiring an additional 3,232,095 shares in the last quarter. Institutional investors own 85.03% of the company’s stock.

AltC Acquisition Stock Performance

Shares of ALCC traded down $1.04 during mid-day trading on Thursday, hitting $12.90. 1,687,378 shares of the company traded hands, compared to its average volume of 560,662. The business has a 50 day moving average of $11.84 and a 200 day moving average of $10.98. AltC Acquisition Corp. has a 1-year low of $10.24 and a 1-year high of $17.49.

AltC Acquisition Profile

AltC Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was formerly known as Churchill Capital Corp VIII and changed its name to AltC Acquisition Corp.