L1 Global Manager Pty Ltd Purchases New Stake in K&F GROWTH ACQUISITION CORP. II $KFII

L1 Global Manager Pty Ltd acquired a new position in shares of K&F GROWTH ACQUISITION CORP. II (NASDAQ:KFII) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 250,000 shares of the company’s stock, valued at approximately $2,585,000. K&F GROWTH ACQUISITION CORP. II comprises approximately 1.7% of L1 Global Manager Pty Ltd’s holdings, making the stock its 13th largest holding.

Several other hedge funds have also added to or reduced their stakes in the stock. ABC Arbitrage SA bought a new stake in K&F GROWTH ACQUISITION CORP. II in the fourth quarter worth about $258,000. Wolverine Asset Management LLC raised its position in K&F GROWTH ACQUISITION CORP. II by 0.8% in the fourth quarter. Wolverine Asset Management LLC now owns 1,198,935 shares of the company’s stock worth $12,397,000 after acquiring an additional 9,540 shares during the period. Alyeska Investment Group L.P. bought a new stake in K&F GROWTH ACQUISITION CORP. II in the third quarter worth about $435,000. Clear Street Group Inc. bought a new stake in K&F GROWTH ACQUISITION CORP. II in the third quarter worth about $480,000. Finally, Shaolin Capital Management LLC raised its position in K&F GROWTH ACQUISITION CORP. II by 0.5% in the third quarter. Shaolin Capital Management LLC now owns 402,141 shares of the company’s stock worth $4,108,000 after acquiring an additional 2,141 shares during the period.

K&F GROWTH ACQUISITION CORP. II Trading Up 0.3%

Shares of KFII opened at $10.56 on Friday. The business’s 50-day moving average price is $10.49 and its 200-day moving average price is $10.41. K&F GROWTH ACQUISITION CORP. II has a twelve month low of $10.13 and a twelve month high of $10.58.

K&F GROWTH ACQUISITION CORP. II (NASDAQ:KFII) last posted its quarterly earnings data on Friday, March 27th. The company reported $0.07 earnings per share for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of K&F GROWTH ACQUISITION CORP. II in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About K&F GROWTH ACQUISITION CORP. II

K&F Growth Acquisition Corp. II is a Delaware-incorporated special purpose acquisition company (SPAC) that completed its initial public offering in late 2021. As a blank-check vehicle, the company was formed for the purpose of identifying and consummating a business combination with one or more operating businesses, thereby taking a target company public. It holds the proceeds of its IPO in a trust account pending the completion of a merger, share exchange, asset acquisition, stock purchase, recapitalization or similar business combination.

The sponsor of K&F Growth Acquisition Corp.