Magnetar Financial LLC Reduces Stock Holdings in HCM II Acquisition Corp. $HOND

Magnetar Financial LLC cut its stake in HCM II Acquisition Corp. (NASDAQ:HOND) by 28.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,397,166 shares of the company’s stock after selling 562,032 shares during the period. Magnetar Financial LLC owned about 4.86% of HCM II Acquisition worth $16,487,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. North Capital Inc. acquired a new stake in shares of HCM II Acquisition in the 2nd quarter worth approximately $67,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of HCM II Acquisition during the 2nd quarter worth about $209,000. Mizuho Securities USA LLC acquired a new stake in shares of HCM II Acquisition in the first quarter worth $271,000. FNY Investment Advisers LLC increased its position in shares of HCM II Acquisition by 41,400.0% in the second quarter. FNY Investment Advisers LLC now owns 41,500 shares of the company’s stock worth $460,000 after acquiring an additional 41,400 shares in the last quarter. Finally, Alberta Investment Management Corp purchased a new stake in shares of HCM II Acquisition in the second quarter worth about $555,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of HCM II Acquisition in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, HCM II Acquisition has an average rating of “Sell”.

HCM II Acquisition Stock Performance

Shares of NASDAQ HOND opened at $18.04 on Friday. HCM II Acquisition Corp. has a one year low of $9.97 and a one year high of $31.50. The business has a 50-day moving average price of $17.79 and a two-hundred day moving average price of $13.56.

HCM II Acquisition (NASDAQ:HOND) last released its quarterly earnings results on Friday, November 14th. The company reported $0.07 earnings per share for the quarter.

HCM II Acquisition Profile

HCM II Acquisition Corp. operates as a blank check company. It was formed for the purpose of entering into a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on April 4, 2024 and is headquartered in Stamford, CT.