Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) Major Shareholder Alpine Global Management, Llc Sells 80,183 Shares of Company Stock

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) major shareholder Alpine Global Management, Llc sold 80,183 shares of the business’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $10.89, for a total value of $873,192.87. Following the sale, the insider owned 300,000 shares in the company, valued at approximately $3,267,000. The trade was a 21.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Alpine Global Management, Llc also recently made the following trade(s):

• On Wednesday, November 4th, Alpine Global Management, Llc sold 5,382 shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares stock. The shares were sold at an average price of $11.10, for a total value of $59,740.20.
• On Thursday, November 5th, Alpine Global Management, Llc sold 130,000 shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares stock. The shares were sold at an average price of $10.87, for a total value of $1,413,100.00.

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

Shares of NASDAQ:NTWO opened at $10.99 on Tuesday. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a 52-week low of $10.35 and a 52-week high of $12.14. The business has a 50-day moving average price of $10.88 and a 200-day moving average price of $10.70.

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) last released its earnings results on Wednesday, November 4th. The company reported $0.04 EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Newbury Street II Acquisition Corp – Class A Ordinary Shares

Several hedge funds have recently added to or reduced their stakes in NTWO. Periscope Capital Inc. acquired a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 3rd quarter worth about $1,292,000. Wealthspring Capital LLC purchased a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 3rd quarter valued at about $4,751,000. T3 Companies LLC purchased a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 3rd quarter valued at about $1,182,000. Robinson Capital Management LLC raised its stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares by 78.7% during the 2nd quarter. Robinson Capital Management LLC now owns 27,250 shares of the company’s stock valued at $290,000 after buying an additional 12,000 shares during the last quarter. Finally, Sona Asset Management US LLC acquired a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 1st quarter valued at about $1,764,000.

Newbury Street II Acquisition Corp – Class A Ordinary Shares Company Profile