Sona Asset Management US LLC acquired a new stake in shares of Artius II Acquisition Inc. (NASDAQ:AACB – Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 172,874 shares of the company’s stock, valued at approximately $1,788,000.
Other institutional investors have also made changes to their positions in the company. ABC Arbitrage SA purchased a new position in shares of Artius II Acquisition in the fourth quarter valued at $206,000. Verition Fund Management LLC purchased a new stake in Artius II Acquisition during the 3rd quarter worth $568,000. Meteora Capital LLC purchased a new stake in Artius II Acquisition during the 4th quarter worth $729,000. L1 Global Manager Pty Ltd acquired a new position in Artius II Acquisition in the 4th quarter worth $772,000. Finally, Quarry LP acquired a new position in Artius II Acquisition in the 4th quarter worth $1,138,000.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded Artius II Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Artius II Acquisition has a consensus rating of “Sell”.
Artius II Acquisition Price Performance
Shares of AACB stock opened at $10.51 on Monday. Artius II Acquisition Inc. has a one year low of $10.10 and a one year high of $10.59. The company’s 50-day simple moving average is $10.50 and its 200-day simple moving average is $10.41.
Artius II Acquisition (NASDAQ:AACB – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $0.01 EPS for the quarter.
About Artius II Acquisition
Artius II Acquisition Corp. (NASDAQ: AACB) is a blank‐check company formed in June 2020 by Artius Capital Partners. The firm’s sole purpose is to identify and complete a business combination through mergers, capital stock exchanges, asset acquisitions or similar transactions. It completed its initial public offering on the Nasdaq and its units, common shares and warrants trade under the AACB symbol.
The company is sponsored by Artius Capital Partners, a private equity and corporate finance firm based in New York with additional offices in London.
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