Artius II Acquisition (NASDAQ:AACB) Issues Earnings Results

Artius II Acquisition (NASDAQ:AACB) posted its quarterly earnings results on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, FiscalAI reports.

Artius II Acquisition Stock Performance

NASDAQ:AACB traded up $0.02 during trading hours on Wednesday, hitting $10.56. The company had a trading volume of 333 shares, compared to its average volume of 27,336. Artius II Acquisition has a 52 week low of $10.10 and a 52 week high of $10.59. The stock has a 50-day moving average price of $10.51 and a 200 day moving average price of $10.42.

Hedge Funds Weigh In On Artius II Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Radcliffe Capital Management L.P. grew its stake in shares of Artius II Acquisition by 2.6% in the 4th quarter. Radcliffe Capital Management L.P. now owns 667,119 shares of the company’s stock worth $6,871,000 after buying an additional 17,119 shares in the last quarter. Periscope Capital Inc. increased its position in shares of Artius II Acquisition by 4.0% during the fourth quarter. Periscope Capital Inc. now owns 450,000 shares of the company’s stock worth $4,635,000 after purchasing an additional 17,200 shares in the last quarter. ABC Arbitrage SA purchased a new stake in shares of Artius II Acquisition during the 4th quarter valued at $206,000. Verition Fund Management LLC acquired a new stake in shares of Artius II Acquisition in the 3rd quarter worth $568,000. Finally, Meteora Capital LLC purchased a new position in Artius II Acquisition during the 4th quarter worth $729,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Artius II Acquisition in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

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.