Sizzle Acquisition Corp. II (NASDAQ:SZZL) Posts Earnings Results

Sizzle Acquisition Corp. II (NASDAQ:SZZL) announced its quarterly earnings data on Thursday. The company reported $0.05 EPS for the quarter, FiscalAI reports.

Sizzle Acquisition Corp. II Stock Performance

Sizzle Acquisition Corp. II stock traded up $0.01 during midday trading on Thursday, hitting $10.32. 42,492 shares of the stock were exchanged, compared to its average volume of 76,186. Sizzle Acquisition Corp. II has a 1 year low of $9.21 and a 1 year high of $10.50. The company has a 50 day moving average price of $10.28 and a two-hundred day moving average price of $10.23.

Institutional Trading of Sizzle Acquisition Corp. II

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Sizzle Acquisition Corp. II during the 1st quarter valued at $4,112,000. Lineage Point Capital LP acquired a new stake in Sizzle Acquisition Corp. II during the fourth quarter valued at approximately $254,000. Rivernorth Capital Management LLC raised its stake in Sizzle Acquisition Corp. II by 25.2% during the fourth quarter. Rivernorth Capital Management LLC now owns 497,500 shares of the company’s stock valued at $5,055,000 after buying an additional 100,000 shares in the last quarter. Millennium Management LLC raised its stake in Sizzle Acquisition Corp. II by 1.8% during the fourth quarter. Millennium Management LLC now owns 712,500 shares of the company’s stock valued at $7,239,000 after buying an additional 12,500 shares in the last quarter. Finally, Meteora Capital LLC bought a new stake in Sizzle Acquisition Corp. II during the fourth quarter valued at $592,000.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sizzle Acquisition Corp. II in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sizzle Acquisition Corp. II has an average rating of “Sell”.

About Sizzle Acquisition Corp. II

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.