Glazer Capital LLC recently announced the acquisition of new stake in Gores Metropoulos Inc. (NASDAQ:GMHI). The institutional investor has increased its shareholding in the Financial company by 55.30% to 1.76 million shares with purchase of 0.63 million shares. This fresh investment now brings its stake to 4.41% valued currently at $18.4 million. In addition, Alberta Investment Management Cor.. raised its holdings by 0.3 million to 1.66 million shares. And Magnetar Financial LLC has lifted its position by 5.77% or 75051.0 shares – to 1.38 million shares.

With over 1.41 million Gores Metropoulos Inc. (GMHI) shares trading Tuesday and a closing price of $11.50 on the day, the dollar volume was approximately $16.25 million. The shares have shown a positive weekly performance of 0.97% and its price on 09/01/20 gained nearly 4.45%. Currently, there are 40.00M common shares owned by the public and among those 39.89M shares have been available to trade.

The top 3 mutual fund holders in Gores Metropoulos Inc. are Blackstone Alternative Multi Stra, Manulife Dividend Income Private, and FOS Strategie – Fonds Nr.1. Blackstone Alternative Multi Stra owns 0.75 million shares of the company’s stock, all valued at over $7.82 million. FOS Strategie – Fonds Nr.1 now owns shares totaling to 0.39% of the shares outstanding.

Shares of Gores Metropoulos Inc. (NASDAQ: GMHI) opened at $11.17, up $0.16 from a prior closing price of $11.01. However, the script later closed the day at $11.50, up 4.45%. The company’s stock has a 5-day price change of 0.97% and 11.11% over the past three months. It has a 12-month low price of $9.45 and touched a high of $11.90 over the same period. Currently, 1.41 million shares have been traded, compared to an average intraday trading volume of 532.89K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.91%, 6.62%, and 10.75% respectively.

Institutional ownership of Gores Metropoulos Inc. (NASDAQ: GMHI) shares accounts for 75.34% of the company’s 40.00M shares outstanding. Mutual fund holders own 3.12%, while other institutional holders and individual stakeholders account for 79.49% and — respectively.

It has a market capitalization of $460.00M. The stock’s trailing 12-month PE ratio is 171.64, while the earnings-per-share (ttm) stands at $0.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.32% over the week and 3.03% over the month.