Artius II Acquisition (NASDAQ:AACB) Releases Quarterly Earnings Results

Artius II Acquisition (NASDAQ:AACB) posted its quarterly earnings results on Wednesday. The company reported $0.01 EPS for the quarter, FiscalAI reports.

Artius II Acquisition Trading Up 0.1%

Artius II Acquisition stock traded up $0.01 during midday trading on Wednesday, reaching $10.39. 52,474 shares of the stock traded hands, compared to its average volume of 22,190. The firm has a fifty day moving average price of $10.35 and a two-hundred day moving average price of $10.32. Artius II Acquisition has a fifty-two week low of $9.95 and a fifty-two week high of $10.41.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AACB. Sculptor Capital LP acquired a new position in Artius II Acquisition during the 2nd quarter worth $14,168,000. Radcliffe Capital Management L.P. boosted its position in Artius II Acquisition by 2.6% during the 4th quarter. Radcliffe Capital Management L.P. now owns 667,119 shares of the company’s stock worth $6,871,000 after acquiring an additional 17,119 shares during the period. Hudson Bay Capital Management LP acquired a new position in Artius II Acquisition during the 4th quarter worth $5,665,000. Moore Capital Management LP acquired a new position in Artius II Acquisition during the 2nd quarter worth $5,060,000. Finally, Periscope Capital Inc. boosted its position in Artius II Acquisition by 4.0% during the 4th quarter. Periscope Capital Inc. now owns 450,000 shares of the company’s stock worth $4,635,000 after acquiring an additional 17,200 shares during the period.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Artius II Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Artius II Acquisition has an average 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.