L1 Global Manager Pty Ltd acquired a new stake in K&F GROWTH ACQUISITION CORP. II (NASDAQ:KFII – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 250,000 shares of the company’s stock, valued at approximately $2,585,000. K&F GROWTH ACQUISITION CORP. II makes up 1.7% of L1 Global Manager Pty Ltd’s portfolio, making the stock its 13th biggest holding.
Several other hedge funds also recently modified their holdings of the stock. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in K&F GROWTH ACQUISITION CORP. II during the 2nd quarter valued at $20,360,000. Hudson Bay Capital Management LP increased its stake in K&F GROWTH ACQUISITION CORP. II by 2.0% during the 2nd quarter. Hudson Bay Capital Management LP now owns 1,257,080 shares of the company’s stock valued at $12,797,000 after purchasing an additional 25,000 shares in the last quarter. Wolverine Asset Management LLC increased its stake in K&F GROWTH ACQUISITION CORP. II by 0.8% during the 4th quarter. Wolverine Asset Management LLC now owns 1,198,935 shares of the company’s stock valued at $12,397,000 after purchasing an additional 9,540 shares in the last quarter. Sculptor Capital LP bought a new stake in K&F GROWTH ACQUISITION CORP. II during the 2nd quarter valued at $10,180,000. Finally, Radcliffe Capital Management L.P. increased its stake in K&F GROWTH ACQUISITION CORP. II by 45.5% during the 3rd quarter. Radcliffe Capital Management L.P. now owns 508,291 shares of the company’s stock valued at $5,192,000 after purchasing an additional 158,960 shares in the last quarter.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of K&F GROWTH ACQUISITION CORP. II in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.
K&F GROWTH ACQUISITION CORP. II Stock Performance
Shares of NASDAQ KFII opened at $10.56 on Friday. The stock’s 50 day moving average price is $10.49 and its 200-day moving average price is $10.41. K&F GROWTH ACQUISITION CORP. II has a twelve month low of $10.13 and a twelve month high of $10.58.
K&F GROWTH ACQUISITION CORP. II (NASDAQ:KFII – Get Free Report) last issued its quarterly earnings results on Friday, March 27th. The company reported $0.07 EPS for the quarter.
About K&F GROWTH ACQUISITION CORP. II
K&F Growth Acquisition Corp. II is a Delaware-incorporated special purpose acquisition company (SPAC) that completed its initial public offering in late 2021. As a blank-check vehicle, the company was formed for the purpose of identifying and consummating a business combination with one or more operating businesses, thereby taking a target company public. It holds the proceeds of its IPO in a trust account pending the completion of a merger, share exchange, asset acquisition, stock purchase, recapitalization or similar business combination.
The sponsor of K&F Growth Acquisition Corp.
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