Sona Asset Management US LLC Purchases New Shares in Newbury Street II Acquisition Corp – Class A Ordinary Shares $NTWO

Sona Asset Management US LLC purchased a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 167,796 shares of the company’s stock, valued at approximately $1,764,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NTWO. Citadel Advisors LLC acquired a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the third quarter worth approximately $106,000. ABC Arbitrage SA bought a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 4th quarter worth approximately $209,000. Wolverine Asset Management LLC lifted its holdings in Newbury Street II Acquisition Corp – Class A Ordinary Shares by 6.9% during the 4th quarter. Wolverine Asset Management LLC now owns 1,076,270 shares of the company’s stock worth $11,225,000 after buying an additional 69,653 shares in the last quarter. Radcliffe Capital Management L.P. boosted its position in Newbury Street II Acquisition Corp – Class A Ordinary Shares by 21.6% in the 4th quarter. Radcliffe Capital Management L.P. now owns 414,038 shares of the company’s stock valued at $4,318,000 after buying an additional 73,601 shares during the last quarter. Finally, L1 Global Manager Pty Ltd bought a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 4th quarter valued at $1,043,000.

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

Shares of NASDAQ:NTWO opened at $10.74 on Monday. The company has a 50 day moving average of $10.67 and a 200-day moving average of $10.57. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a one year low of $10.29 and a one year high of $10.74.

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.06 earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

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.