Picton Mahoney Asset Management Invests $2.47 Million in Switchback II Co. (NYSE:SWBK)

Picton Mahoney Asset Management bought a new position in shares of Switchback II Co. (NYSE:SWBK) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 250,000 shares of the company’s stock, valued at approximately $2,473,000. Picton Mahoney Asset Management owned about 0.63% of Switchback II at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. LNZ Capital LP acquired a new position in Switchback II during the first quarter worth $28,000. Wolverine Asset Management LLC acquired a new position in Switchback II during the first quarter worth $58,000. Berkley W R Corp acquired a new position in Switchback II during the first quarter worth $98,000. Marathon Trading Investment Management LLC acquired a new position in Switchback II during the first quarter worth $162,000. Finally, CNH Partners LLC acquired a new position in Switchback II during the first quarter worth $344,000. Institutional investors and hedge funds own 67.28% of the company’s stock.

Separately, Capital One Financial assumed coverage on shares of Switchback II in a report on Monday, August 30th. They set an “overweight” rating for the company.

Shares of SWBK stock opened at $9.97 on Wednesday. The company has a fifty day moving average price of $9.92. Switchback II Co. has a one year low of $9.70 and a one year high of $11.32.

Switchback II Company Profile

Switchback II Corporation focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was founded in 2020 and is based in Dallas, Texas.

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Institutional Ownership by Quarter for Switchback II (NYSE:SWBK)

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