Radcliffe Capital Management L.P. Grows Position in Newbury Street II Acquisition Corp – Class A Ordinary Shares $NTWO

Radcliffe Capital Management L.P. increased its holdings in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) by 21.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 414,038 shares of the company’s stock after purchasing an additional 73,601 shares during the quarter. Radcliffe Capital Management L.P.’s holdings in Newbury Street II Acquisition Corp – Class A Ordinary Shares were worth $4,318,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the third quarter valued at about $106,000. Clear Street Group Inc. acquired a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the third quarter valued at about $121,000. ABC Arbitrage SA purchased a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 4th quarter valued at approximately $209,000. L1 Global Manager Pty Ltd purchased a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 4th quarter valued at approximately $1,043,000. Finally, Moore Capital Management LP acquired a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 2nd quarter worth approximately $2,058,000.

Newbury Street II Acquisition Corp – Class A Ordinary Shares Price Performance

Shares of NASDAQ:NTWO opened at $10.63 on Wednesday. The firm’s 50 day moving average price is $10.61 and its 200 day moving average price is $10.52. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a fifty-two week low of $10.29 and a fifty-two week high of $10.68.

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.06 earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in a research report on Tuesday, June 9th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Newbury Street II Acquisition Corp – Class A Ordinary Shares presently has an average rating of “Sell”.

About Newbury Street II Acquisition Corp – Class A Ordinary Shares

Newbury Street II Acquisition Corp is a blank check company incorporated in Delaware in 2021 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a special purpose acquisition company (SPAC), it does not currently engage in commercial operations and intends to identify and acquire a target company.

The company completed its initial public offering and listing of its Class A ordinary shares on the Nasdaq under the symbol NTWO in early 2021.