L1 Global Manager Pty Ltd Buys Shares of 100,000 Newbury Street II Acquisition Corp – Class A Ordinary Shares $NTWO

L1 Global Manager Pty Ltd bought a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 100,000 shares of the company’s stock, valued at approximately $1,043,000.

Other hedge funds also recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the third quarter valued at $106,000. Clear Street Group Inc. bought a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the third quarter valued at $121,000. ABC Arbitrage SA bought a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the fourth quarter valued at $209,000. Moore Capital Management LP bought a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the second quarter valued at $2,058,000. Finally, Radcliffe Capital Management L.P. bought a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the second quarter valued at $2,854,000.

Wall Street Analysts Forecast Growth

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 Tuesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Newbury Street II Acquisition Corp – Class A Ordinary Shares currently has a consensus rating of “Sell”.

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

Shares of NTWO opened at $10.63 on Friday. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a one year low of $10.27 and a one year high of $10.68. The stock’s fifty day moving average is $10.60 and its 200-day moving average is $10.51.

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

About Newbury Street II Acquisition Corp – Class A Ordinary Shares

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.