Tuttle Capital Management LLC lessened its stake in shares of Avanti Acquisition Corp. (NYSE:AVAN – Get Rating) by 25.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 84,447 shares of the company's stock after selling 28,578 shares during the quarter. Avanti Acquisition makes up 2.1% of Tuttle Capital Management LLC's investment portfolio, making the stock its 8th biggest position. Tuttle Capital Management LLC's holdings in Avanti Acquisition were worth $833,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of AVAN. Qube Research & Technologies Ltd boosted its stake in Avanti Acquisition by 59.0% during the fourth quarter. Qube Research & Technologies Ltd now owns 81,381 shares of the company's stock worth $799,000 after buying an additional 30,184 shares during the period. Aequim Alternative Investments LP purchased a new position in Avanti Acquisition during the fourth quarter worth about $982,000. Kohlberg Kravis Roberts & Co. L.P. boosted its stake in Avanti Acquisition by 0.9% during the fourth quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 489,880 shares of the company's stock worth $4,811,000 after buying an additional 4,406 shares during the period. Kawa Capital Management Inc purchased a new position in Avanti Acquisition during the fourth quarter worth about $241,000. Finally, Saba Capital Management L.P. boosted its stake in shares of Avanti Acquisition by 39.3% in the fourth quarter. Saba Capital Management L.P. now owns 543,313 shares of the company's stock valued at $5,335,000 after purchasing an additional 153,400 shares during the period. Hedge funds and other institutional investors own 59.44% of the company's stock.

Avanti Acquisition Price Performance

NYSE AVAN opened at $9.95 on Tuesday. The firm has a 50 day simple moving average of $9.92 and a 200-day simple moving average of $9.88. Avanti Acquisition Corp. has a one year low of $9.68 and a one year high of $9.97.

Avanti Acquisition Company Profile

Avanti Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. It seeks to identify and acquire one or more businesses across various industries in Europe with the United States nexus and international reach.

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