Sona Asset Management US LLC purchased a new position in shares of Artius II Acquisition Inc. (NASDAQ:AACB – Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 172,874 shares of the company’s stock, valued at approximately $1,788,000.
Other hedge funds have also made changes to their positions in the company. ABC Arbitrage SA acquired a new position in Artius II Acquisition during the 4th quarter valued at approximately $206,000. Verition Fund Management LLC bought a new position in Artius II Acquisition during the 3rd quarter worth $568,000. Meteora Capital LLC acquired a new stake in Artius II Acquisition in the fourth quarter worth $729,000. L1 Global Manager Pty Ltd bought a new stake in Artius II Acquisition in the fourth quarter valued at $772,000. Finally, Quarry LP bought a new stake in Artius II Acquisition in the fourth quarter valued at $1,138,000.
Artius II Acquisition Stock Performance
Shares of AACB opened at $10.51 on Monday. The firm has a 50-day moving average price of $10.50 and a 200 day moving average price of $10.41. Artius II Acquisition Inc. has a 52-week low of $10.10 and a 52-week high of $10.59.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised shares of Artius II Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.
Check Out Our Latest Report on Artius II Acquisition
Artius II Acquisition Company Profile
Artius II Acquisition Corp. (NASDAQ: AACB) is a blank?check company formed in June 2020 by Artius Capital Partners. The firm’s sole purpose is to identify and complete a business combination through mergers, capital stock exchanges, asset acquisitions or similar transactions. It completed its initial public offering on the Nasdaq and its units, common shares and warrants trade under the AACB symbol.
The company is sponsored by Artius Capital Partners, a private equity and corporate finance firm based in New York with additional offices in London.
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