L1 Global Manager Pty Ltd Takes Position in Newbury Street II Acquisition Corp – Class A Ordinary Shares $NTWO

L1 Global Manager Pty Ltd acquired a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $1,043,000.

A number of other institutional investors and hedge funds also recently modified their holdings of NTWO. Citadel Advisors LLC acquired a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 3rd quarter worth approximately $106,000. Clear Street Group Inc. acquired a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 3rd quarter worth approximately $121,000. ABC Arbitrage SA acquired a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 4th quarter worth approximately $209,000. Moore Capital Management LP acquired a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 2nd quarter worth approximately $2,058,000. Finally, Radcliffe Capital Management L.P. acquired a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 2nd quarter worth approximately $2,854,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in a research report on Tuesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

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

NASDAQ NTWO opened at $10.63 on Friday. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a fifty-two week low of $10.27 and a fifty-two week high of $10.68. The business has a 50 day moving average price of $10.60 and a two-hundred day moving average price of $10.51.

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.06 earnings per share for the quarter.

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

Newbury Street II Acquisition Corp is a blank check company incorporated in Delaware in 2021 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a special purpose acquisition company (SPAC), it does not currently engage in commercial operations and intends to identify and acquire a target company.

The company completed its initial public offering and listing of its Class A ordinary shares on the Nasdaq under the symbol NTWO in early 2021.