SkyView Investment Advisors LLC Takes $1.97 Million Position in Archimedes Tech SPAC Partners II Co. $ATII

SkyView Investment Advisors LLC acquired a new stake in shares of Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 182,495 shares of the company’s stock, valued at approximately $1,967,000. Archimedes Tech SPAC Partners II accounts for about 1.6% of SkyView Investment Advisors LLC’s holdings, making the stock its 16th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new stake in Archimedes Tech SPAC Partners II in the 2nd quarter worth approximately $3,527,000. Citadel Advisors LLC boosted its holdings in shares of Archimedes Tech SPAC Partners II by 2,311.7% during the second quarter. Citadel Advisors LLC now owns 250,266 shares of the company’s stock worth $2,698,000 after purchasing an additional 239,889 shares during the last quarter. Harraden Circle Investments LLC acquired a new stake in shares of Archimedes Tech SPAC Partners II during the second quarter worth $2,530,000. L1 Global Manager Pty Ltd purchased a new stake in shares of Archimedes Tech SPAC Partners II in the fourth quarter valued at $2,072,000. Finally, Radcliffe Capital Management L.P. grew its position in shares of Archimedes Tech SPAC Partners II by 7.7% in the fourth quarter. Radcliffe Capital Management L.P. now owns 658,322 shares of the company’s stock valued at $6,820,000 after purchasing an additional 46,800 shares during the period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Archimedes Tech SPAC Partners II in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Archimedes Tech SPAC Partners II Stock Up 0.2%

NASDAQ ATII opened at $10.66 on Tuesday. Archimedes Tech SPAC Partners II Co. has a 1-year low of $10.19 and a 1-year high of $11.40. The business’s 50-day simple moving average is $10.69 and its 200-day simple moving average is $10.72.

Archimedes Tech SPAC Partners II Profile

Archimedes Tech SPAC Partners II (NASDAQ: ATII) is a special purpose acquisition company (SPAC) listed on the Nasdaq stock market. As a blank?check vehicle, its primary business purpose is to identify, evaluate and complete a business combination, merger, acquisition or other similar transaction that will result in a publicly traded operating company. The company itself does not conduct an independent operating business prior to completing a qualifying transaction.

Like other SPACs, Archimedes Tech SPAC Partners II raises capital through an initial public offering and places the proceeds in a trust account while it pursues potential targets.