Jackson Acquisition Company II (NYSE:JACS) Announces Earnings Results

Jackson Acquisition Company II (NYSE:JACS) released its earnings results on Friday. The company reported $0.07 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $2.25 million during the quarter.

Jackson Acquisition Company II Stock Down 0.1%

Shares of NYSE:JACS opened at $10.85 on Friday. The firm’s 50 day moving average price is $10.80 and its 200 day moving average price is $10.65. Jackson Acquisition Company II has a fifty-two week low of $10.40 and a fifty-two week high of $10.92.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sona Asset Management US LLC purchased a new stake in shares of Jackson Acquisition Company II in the 1st quarter valued at approximately $2,186,000. Berkley W R Corp lifted its position in shares of Jackson Acquisition Company II by 24.3% during the 1st quarter. Berkley W R Corp now owns 430,362 shares of the company’s stock worth $4,558,000 after purchasing an additional 84,097 shares during the last quarter. Finally, Calamos Advisors LLC purchased a new stake in shares of Jackson Acquisition Company II during the 3rd quarter worth $10,830,000.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Jackson Acquisition Company II from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About Jackson Acquisition Company II

Jackson Acquisition Company II (NYSE: JACS) is a special purpose acquisition company, or SPAC. The company was formed to identify and complete a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more operating businesses.

As a blank-check company, Jackson Acquisition Company II does not operate a conventional business and does not offer products or services to customers. Its activities primarily involve evaluating potential acquisition targets and pursuing a transaction that would allow a privately held company to become publicly traded.

Publicly available information about the company’s operating history, geographic reach, target industry focus and leadership is limited.