BlueCrest Capital Management Ltd Takes $4 Million Position in Twelve Seas Investment Company II $TWLV

BlueCrest Capital Management Ltd acquired a new stake in Twelve Seas Investment Company II (NASDAQ:TWLV) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 400,000 shares of the company’s stock, valued at approximately $3,996,000.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Twelve Seas Investment Company II from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Twelve Seas Investment Company II Price Performance

Shares of TWLV opened at $10.07 on Thursday. The company has a market capitalization of $236.02 million and a PE ratio of 83.92. Twelve Seas Investment Company II has a one year low of $9.84 and a one year high of $10.38. The company’s fifty day moving average price is $10.04 and its 200 day moving average price is $9.97.

Twelve Seas Investment Company II (NASDAQ:TWLV) last released its quarterly earnings results on Monday, August 17th. The company reported $0.06 earnings per share (EPS) for the quarter.

Twelve Seas Investment Company II Profile

Twelve Seas Investment Company II does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Twelve Seas Investment Company II was incorporated in 2020 and is based in New York, New York.