November 22, 2016 - By Louis Casey · 0 Comments
AR CAPITAL ACQUISITION (NASDAQ:AXAR) institutional sentiment increased to 2.33 in Q2 2016. Its up 1.58, from 0.75 in 2016Q1. The ratio is positive, as 3 funds started new and increased positions, while 4 decreased and sold their stakes in AR CAPITAL ACQUISITION. The funds in our partner’s database now own: 15.76 million shares, down from 30.28 million shares in 2016Q1. Also, the number of funds holding AR CAPITAL ACQUISITION in their top 10 positions decreased from 3 to 2 for a decrease of 1. Sold All: 2 Reduced: 2 Increased: 3 New Position: 0.
Axar Acquisition Corp., formerly AR Capital Acquisition Corp., is a shell company. The company has a market cap of $83.79 million. The Firm is a blank check firm formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It currently has negative earnings. The Firm seeks to complete a business combination with an operating firm in the asset management sector, but may also pursue acquisition opportunities in any industry or sector, except that, under its amended and restated certificate of incorporation, it will not be permitted to effectuate its business combination with another blank check firm or similar firm with nominal operations.
The stock closed at $9.85 during the last session. It is down 0.20% since April 20, 2016 and is downtrending. It has underperformed by 4.76% the S&P500.
Axar Acquisition Corp., formerly AR Capital Acquisition Corp., incorporated on July 25, 2014, is a shell company. The Firm is a blank check firm formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
More important recent Axar Acquisition Corp (NASDAQ:AXAR) news were published by: Prnewswire.com which released: “AR Capital Acquisition Corp. Announces Approval of all Proposals Submitted at …” on October 07, 2016, also Reuters.com published article titled: “BRIEF-AR Capital Acquisition says announces approval of all proposals subm…”, Reuters.com published: “US defense chief scraps Colombia trip as hurricane strikes” on October 07, 2016. More interesting news about Axar Acquisition Corp (NASDAQ:AXAR) was released by: Nypost.com and their article: “AEG Live veteran tapped to lead SFX Entertainment” with publication date: July 27, 2016.
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By Louis Casey