Magnetar Financial LLC Takes Position in Armada Acquisition Corp. II $XRPN

Magnetar Financial LLC bought a new stake in shares of Armada Acquisition Corp. II (NASDAQ:XRPN) in the 4th quarter, Holdings Channel reports. The fund bought 814,266 shares of the company’s stock, valued at approximately $8,338,000.

Several other large investors also recently modified their holdings of XRPN. Wolverine Asset Management LLC bought a new position in shares of Armada Acquisition Corp. II during the fourth quarter worth about $1,058,000. Geode Capital Management LLC bought a new position in shares of Armada Acquisition Corp. II during the fourth quarter worth about $155,000. Huntington National Bank bought a new position in shares of Armada Acquisition Corp. II during the fourth quarter worth about $26,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Armada Acquisition Corp. II during the fourth quarter worth about $2,048,000. Finally, Periscope Capital Inc. bought a new position in shares of Armada Acquisition Corp. II during the fourth quarter worth about $2,048,000. 27.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Armada Acquisition Corp. II in a research report on Friday, May 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Armada Acquisition Corp. II Trading Up 0.1%

Shares of XRPN stock opened at $10.43 on Wednesday. Armada Acquisition Corp. II has a one year low of $10.00 and a one year high of $10.91. The stock’s 50-day moving average is $10.38.

Armada Acquisition Corp. II (NASDAQ:XRPN) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.04 EPS for the quarter.

Armada Acquisition Corp. II Profile

Armada Acquisition Corp. II (NASDAQ: XRPN) is a special purpose acquisition company (SPAC), commonly known as a blank?check company, formed to raise capital through an initial public offering for the purpose of effecting a business combination. As a SPAC, the company does not operate an active commercial business; instead, its primary activity is identifying, negotiating and completing a merger, share exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more target companies.

Following its public listing, Armada Acquisition Corp.