Artius II Acquisition (NASDAQ:AACB) Announces Quarterly Earnings Results

Artius II Acquisition (NASDAQ:AACB) released its earnings results on Wednesday. The company reported $0.01 earnings per share for the quarter, FiscalAI reports.

Artius II Acquisition Price Performance

AACB opened at $10.39 on Thursday. Artius II Acquisition has a 12-month low of $9.95 and a 12-month high of $10.41. The firm has a 50 day moving average of $10.35 and a two-hundred day moving average of $10.32.

Hedge Funds Weigh In On Artius II Acquisition

A number of institutional investors have recently bought and sold shares of AACB. Sculptor Capital LP purchased a new position in Artius II Acquisition during the 2nd quarter worth approximately $14,168,000. Hudson Bay Capital Management LP purchased a new position in Artius II Acquisition during the 4th quarter worth approximately $5,665,000. Moore Capital Management LP purchased a new position in Artius II Acquisition during the 2nd quarter worth approximately $5,060,000. Mangrove Partners IM LLC acquired a new stake in shares of Artius II Acquisition during the 3rd quarter worth approximately $4,581,000. Finally, Radcliffe Capital Management L.P. increased its holdings in shares of Artius II Acquisition by 142.5% during the 3rd quarter. Radcliffe Capital Management L.P. now owns 650,000 shares of the company’s stock valued at $6,598,000 after purchasing an additional 381,998 shares in the last quarter.

Analyst Upgrades and Downgrades

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

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.