Sona Asset Management US LLC Buys Shares of 167,796 Newbury Street II Acquisition Corp – Class A Ordinary Shares $NTWO

Sona Asset Management US LLC bought a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) during the first quarter, HoldingsChannel.com reports. The firm bought 167,796 shares of the company’s stock, valued at approximately $1,764,000.

Several other institutional investors also recently modified their holdings of the stock. Citadel Advisors LLC bought a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 3rd quarter valued at about $106,000. ABC Arbitrage SA bought a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 4th quarter worth approximately $209,000. Wolverine Asset Management LLC boosted its stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares by 6.9% during the 4th quarter. Wolverine Asset Management LLC now owns 1,076,270 shares of the company’s stock worth $11,225,000 after acquiring an additional 69,653 shares during the last quarter. Radcliffe Capital Management L.P. grew its holdings in Newbury Street II Acquisition Corp – Class A Ordinary Shares by 21.6% during the fourth quarter. Radcliffe Capital Management L.P. now owns 414,038 shares of the company’s stock valued at $4,318,000 after purchasing an additional 73,601 shares during the period. Finally, L1 Global Manager Pty Ltd acquired a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the fourth quarter valued at approximately $1,043,000.

Analyst Ratings Changes

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

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

NTWO opened at $10.74 on Monday. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a 12 month low of $10.29 and a 12 month high of $10.74. The firm’s fifty day simple moving average is $10.67 and its 200 day simple moving average is $10.57.

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

Newbury Street II Acquisition Corp – Class A Ordinary Shares Profile

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.