Bank of Montreal Can Buys New Position in Spring Valley Acquisition Corp. (NASDAQ:SV)

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.

NASDAQ:SV opened at $10.01 on Friday. The stock’s 50 day moving average price is $9.96. Spring Valley Acquisition Corp. has a 52-week low of $9.71 and a 52-week high of $12.27.

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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Institutional Ownership by Quarter for Spring Valley Acquisition (NASDAQ:SV)

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