Radcliffe Capital Management L.P. Increases Stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares $NTWO

Radcliffe Capital Management L.P. grew its position in Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) by 23.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 340,437 shares of the company’s stock after buying an additional 63,738 shares during the period. Radcliffe Capital Management L.P.’s holdings in Newbury Street II Acquisition Corp – Class A Ordinary Shares were worth $3,527,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Clear Street LLC grew its holdings in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares by 726.5% during the second quarter. Clear Street LLC now owns 11,695 shares of the company’s stock valued at $120,000 after buying an additional 10,280 shares during the last quarter. Moore Capital Management LP bought a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the second quarter valued at approximately $2,058,000. DLD Asset Management LP purchased a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 2nd quarter worth approximately $2,572,000. Whitebox Advisors LLC purchased a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 2nd quarter worth approximately $3,859,000. Finally, Goldman Sachs Group Inc. bought a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 1st quarter valued at approximately $4,396,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Newbury Street II Acquisition Corp – Class A Ordinary Shares presently has a consensus rating of “Sell”.

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

NTWO opened at $10.51 on Friday. The company’s 50-day simple moving average is $10.49 and its two-hundred day simple moving average is $10.42. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a 52-week low of $10.02 and a 52-week high of $10.54.

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) last announced its quarterly earnings results on Friday, March 6th. The company reported $0.06 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.