Bank of Montreal Can bought a new stake in shares of Spring Valley Acquisition Corp. (NASDAQ:SV) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,092,322 shares of the company’s stock, valued at approximately $10,934,000. Bank of Montreal Can owned 16.00% of Spring Valley Acquisition at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in SV. Formidable Asset Management LLC purchased a new position in Spring Valley Acquisition during the 1st quarter valued at about $108,000. Firsthand Capital Management Inc. acquired a new stake in Spring Valley Acquisition in the 1st quarter valued at about $202,000. HighTower Advisors LLC acquired a new stake in Spring Valley Acquisition in the 4th quarter valued at about $1,068,000. Sanders Morris Harris LLC acquired a new stake in Spring Valley Acquisition in the 1st quarter valued at about $1,305,000. Finally, Basso Capital Management L.P. acquired a new stake in Spring Valley Acquisition in the 4th quarter valued at about $3,080,000.
Separately, Lake Street Capital assumed coverage on Spring Valley Acquisition in a research report on Tuesday, June 15th. They issued a “buy” rating and a $20.00 price target on the stock.
Spring Valley Acquisition Profile
Spring Valley Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Dallas, Texas.
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