Jackson Acquisition Company II (NYSE:JACS) Posts Quarterly Earnings Results

Jackson Acquisition Company II (NYSE:JACS) posted its earnings results on Friday. The company reported $0.07 earnings per share for the quarter, FiscalAI reports. The business had revenue of $2.25 million for the quarter.

Jackson Acquisition Company II Trading Down 0.1%

JACS traded down $0.01 on Friday, reaching $10.85. The company’s stock had a trading volume of 324 shares, compared to its average volume of 59,213. Jackson Acquisition Company II has a 1 year low of $10.40 and a 1 year high of $10.92. The business’s 50 day moving average is $10.79 and its 200 day moving average is $10.65.

Hedge Funds Weigh In On Jackson Acquisition Company II

Several large investors have recently modified their holdings of the stock. Berkley W R Corp increased its holdings in Jackson Acquisition Company II by 24.3% in the first quarter. Berkley W R Corp now owns 430,362 shares of the company’s stock valued at $4,558,000 after buying an additional 84,097 shares during the last quarter. Sona Asset Management US LLC acquired a new stake in Jackson Acquisition Company II during the first quarter valued at approximately $2,186,000. Finally, Calamos Advisors LLC bought a new position in Jackson Acquisition Company II during the 3rd quarter worth approximately $10,830,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Jackson Acquisition Company II from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 14th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Jackson Acquisition Company II Company Profile

Jackson Acquisition Company II (NYSE: JACS) is a special purpose acquisition company, or SPAC. The company was formed to identify and complete a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more operating businesses.

As a blank-check company, Jackson Acquisition Company II does not operate a conventional business and does not offer products or services to customers. Its activities primarily involve evaluating potential acquisition targets and pursuing a transaction that would allow a privately held company to become publicly traded.

Publicly available information about the company’s operating history, geographic reach, target industry focus and leadership is limited.