Archimedes Tech SPAC Partners II Co. $ATII Shares Sold by Sculptor Capital LP

Sculptor Capital LP trimmed its stake in shares of Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) by 18.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 600,646 shares of the company’s stock after selling 139,354 shares during the period. Sculptor Capital LP’s holdings in Archimedes Tech SPAC Partners II were worth $6,223,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ATII. Westchester Capital Management LLC boosted its position in Archimedes Tech SPAC Partners II by 0.8% during the fourth quarter. Westchester Capital Management LLC now owns 907,144 shares of the company’s stock worth $9,398,000 after purchasing an additional 7,144 shares in the last quarter. L1 Global Manager Pty Ltd acquired a new stake in shares of Archimedes Tech SPAC Partners II in the fourth quarter worth approximately $2,072,000. Finally, StoneX Group Inc. acquired a new stake in shares of Archimedes Tech SPAC Partners II in the fourth quarter worth approximately $524,000.

Analyst Ratings Changes

Separately, Weiss Ratings raised Archimedes Tech SPAC Partners II from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Archimedes Tech SPAC Partners II Stock Performance

Shares of Archimedes Tech SPAC Partners II stock opened at $10.98 on Tuesday. Archimedes Tech SPAC Partners II Co. has a one year low of $10.12 and a one year high of $11.40. The stock’s 50 day moving average is $10.84.

Archimedes Tech SPAC Partners II (NASDAQ:ATII) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.06 EPS for the quarter.

About Archimedes Tech SPAC Partners II

Archimedes Tech SPAC Partners II (NASDAQ: ATII) is a special purpose acquisition company (SPAC) listed on the Nasdaq stock market. As a blank‑check vehicle, its primary business purpose is to identify, evaluate and complete a business combination, merger, acquisition or other similar transaction that will result in a publicly traded operating company. The company itself does not conduct an independent operating business prior to completing a qualifying transaction.

Like other SPACs, Archimedes Tech SPAC Partners II raises capital through an initial public offering and places the proceeds in a trust account while it pursues potential targets.