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

Artius II Acquisition (NASDAQ:AACB) released its earnings results on Thursday. The company reported $0.04 EPS for the quarter, FiscalAI reports.

Artius II Acquisition Trading Up 0.1%

NASDAQ:AACB opened at $10.35 on Friday. The stock has a 50-day moving average price of $10.34 and a 200 day moving average price of $10.27. Artius II Acquisition has a 12-month low of $9.85 and a 12-month high of $10.39.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Artius II Acquisition in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Institutional Investors Weigh In On Artius II Acquisition

A number of institutional investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank grew its holdings in Artius II Acquisition by 144.6% during the 4th quarter. Toronto Dominion Bank now owns 366,938 shares of the company’s stock valued at $3,779,000 after buying an additional 216,938 shares in the last quarter. Meteora Capital LLC bought a new position in shares of Artius II Acquisition during the fourth quarter worth $729,000. Fort Baker Capital Management LP bought a new position in shares of Artius II Acquisition during the fourth quarter worth $2,140,000. Radcliffe Capital Management L.P. grew its stake in Artius II Acquisition by 2.6% during the fourth quarter. Radcliffe Capital Management L.P. now owns 667,119 shares of the company’s stock valued at $6,871,000 after acquiring an additional 17,119 shares in the last quarter. Finally, Verition Fund Management LLC increased its holdings in Artius II Acquisition by 537.0% in the 4th quarter. Verition Fund Management LLC now owns 357,357 shares of the company’s stock valued at $3,681,000 after acquiring an additional 301,259 shares during the last quarter.

About Artius II Acquisition

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.