L1 Global Manager Pty Ltd Makes New $772,000 Investment in Artius II Acquisition Inc. $AACB

L1 Global Manager Pty Ltd acquired a new position in Artius II Acquisition Inc. (NASDAQ:AACB) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 75,000 shares of the company’s stock, valued at approximately $772,000.

Other large investors have also modified their holdings of the company. ABC Arbitrage SA acquired a new position in shares of Artius II Acquisition in the fourth quarter worth about $206,000. Clear Street Group Inc. acquired a new position in shares of Artius II Acquisition in the third quarter worth about $387,000. Verition Fund Management LLC acquired a new position in shares of Artius II Acquisition in the third quarter worth about $568,000. Boothbay Fund Management LLC acquired a new position in shares of Artius II Acquisition in the second quarter worth about $1,268,000. Finally, Shaolin Capital Management LLC acquired a new position in shares of Artius II Acquisition in the second quarter worth about $1,518,000.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Artius II Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Artius II Acquisition Stock Up 0.0%

Shares of NASDAQ AACB opened at $10.50 on Friday. Artius II Acquisition Inc. has a 12-month low of $10.09 and a 12-month high of $10.55. The company has a 50-day moving average of $10.42 and a 200 day moving average of $10.36.

Artius II Acquisition (NASDAQ:AACB) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter.

Artius II Acquisition Company Profile

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.