Governors Lane LP Buys 250,000 Shares of Artius II Acquisition Inc. $AACB

Governors Lane LP boosted its position in shares of Artius II Acquisition Inc. (NASDAQ:AACB) by 100.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 500,000 shares of the company’s stock after buying an additional 250,000 shares during the quarter. Governors Lane LP’s holdings in Artius II Acquisition were worth $5,245,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of AACB. ABC Arbitrage SA purchased a new stake in shares of Artius II Acquisition in the fourth quarter valued at $206,000. Verition Fund Management LLC purchased a new position in shares of Artius II Acquisition during the 3rd quarter worth about $568,000. Meteora Capital LLC bought a new position in Artius II Acquisition during the 4th quarter valued at about $729,000. L1 Global Manager Pty Ltd bought a new position in Artius II Acquisition during the 4th quarter valued at about $772,000. Finally, Quarry LP purchased a new stake in Artius II Acquisition in the 4th quarter worth about $1,138,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Artius II Acquisition in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Artius II Acquisition Price Performance

Shares of AACB opened at $10.59 on Wednesday. The firm has a fifty day moving average price of $10.56 and a 200-day moving average price of $10.46. Artius II Acquisition Inc. has a 12-month low of $10.10 and a 12-month high of $10.60.

Artius II Acquisition (NASDAQ:AACB) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.02 earnings per share for the quarter.

About Artius II Acquisition

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.