Radcliffe Capital Management L.P. Increases Holdings in Newbury Street II Acquisition Corp – Class A Ordinary Shares $NTWO

Radcliffe Capital Management L.P. raised its holdings in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) by 21.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 414,038 shares of the company’s stock after acquiring an additional 73,601 shares during the quarter. Radcliffe Capital Management L.P.’s holdings in Newbury Street II Acquisition Corp – Class A Ordinary Shares were worth $4,318,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wolverine Asset Management LLC lifted its stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares by 6.9% during the fourth quarter. Wolverine Asset Management LLC now owns 1,076,270 shares of the company’s stock worth $11,225,000 after purchasing an additional 69,653 shares during the last quarter. Hudson Bay Capital Management LP purchased a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the second quarter valued at approximately $8,995,000. Goldman Sachs Group Inc. acquired a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the first quarter worth approximately $4,396,000. Whitebox Advisors LLC acquired a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the second quarter worth approximately $3,859,000. Finally, Moore Capital Management LP purchased a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 2nd quarter worth approximately $2,058,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Newbury Street II Acquisition Corp – Class A Ordinary Shares Stock Performance

NTWO opened at $10.63 on Wednesday. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a one year low of $10.29 and a one year high of $10.68. The business’s 50-day simple moving average is $10.61 and its 200-day simple moving average is $10.52.

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) last announced its earnings results on Tuesday, May 12th. The company reported $0.06 earnings per share (EPS) for the quarter.

Newbury Street II Acquisition Corp – Class A Ordinary Shares Profile

Newbury Street II Acquisition Corp is a blank check company incorporated in Delaware in 2021 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a special purpose acquisition company (SPAC), it does not currently engage in commercial operations and intends to identify and acquire a target company.

The company completed its initial public offering and listing of its Class A ordinary shares on the Nasdaq under the symbol NTWO in early 2021.