Sona Asset Management US LLC Purchases New Holdings in Sizzle Acquisition Corp. II $SZZL

Sona Asset Management US LLC acquired a new position in Sizzle Acquisition Corp. II (NASDAQ:SZZL) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 101,170 shares of the company’s stock, valued at approximately $1,040,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SZZL. Rangeley Capital LLC acquired a new stake in Sizzle Acquisition Corp. II during the 1st quarter valued at $103,000. Lineage Point Capital LP acquired a new stake in shares of Sizzle Acquisition Corp. II in the fourth quarter worth $254,000. PenderFund Capital Management Ltd. purchased a new position in shares of Sizzle Acquisition Corp. II during the fourth quarter valued at $443,000. Meteora Capital LLC purchased a new position in shares of Sizzle Acquisition Corp. II during the fourth quarter valued at $592,000. Finally, Parallax Volatility Advisers L.P. acquired a new position in Sizzle Acquisition Corp. II during the third quarter valued at $806,000.

Sizzle Acquisition Corp. II Stock Performance

SZZL stock opened at $10.38 on Monday. The firm has a 50 day simple moving average of $10.36 and a 200 day simple moving average of $10.30. Sizzle Acquisition Corp. II has a 52 week low of $9.21 and a 52 week high of $10.50.

Sizzle Acquisition Corp. II (NASDAQ:SZZL) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Sizzle Acquisition Corp. II from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sizzle Acquisition Corp. II currently has an average rating of “Sell”.

Sizzle Acquisition Corp. II Profile

Sizzle Acquisition Corp. does not have significant operations. The company intends to focus on entering into merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It focuses on investing in the restaurant, hospitality, food and beverage, retail, consumer, food and food related technology, and real estate industries. The company was incorporated in 2020 and is based in Washington, the District of Columbia.