Andretti Acquisition Corp. II $POLE Stake Raised by Wealthspring Capital LLC

Wealthspring Capital LLC lifted its stake in shares of Andretti Acquisition Corp. II (NASDAQ:POLE) by 2,607.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 377,630 shares of the company’s stock after purchasing an additional 363,680 shares during the period. Wealthspring Capital LLC’s holdings in Andretti Acquisition Corp. II were worth $3,920,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of POLE. MMCAP International Inc. SPC acquired a new stake in Andretti Acquisition Corp. II during the 1st quarter worth about $5,875,000. Wolverine Asset Management LLC raised its holdings in Andretti Acquisition Corp. II by 234.9% during the 1st quarter. Wolverine Asset Management LLC now owns 658,099 shares of the company’s stock worth $6,667,000 after buying an additional 461,607 shares during the period. Westchester Capital Management LLC raised its holdings in Andretti Acquisition Corp. II by 63.2% during the 1st quarter. Westchester Capital Management LLC now owns 1,161,916 shares of the company’s stock worth $11,793,000 after buying an additional 450,000 shares during the period. Linden Advisors LP acquired a new stake in Andretti Acquisition Corp. II during the 1st quarter worth about $3,045,000. Finally, Mizuho Securities USA LLC acquired a new stake in Andretti Acquisition Corp. II during the 1st quarter worth about $2,532,000.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Andretti Acquisition Corp. II in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Andretti Acquisition Corp. II currently has a consensus rating of “Sell”.

Andretti Acquisition Corp. II Stock Performance

Shares of Andretti Acquisition Corp. II stock opened at $10.72 on Wednesday. The company’s fifty day simple moving average is $10.51 and its 200-day simple moving average is $10.40. Andretti Acquisition Corp. II has a 1 year low of $9.95 and a 1 year high of $11.16.

Andretti Acquisition Corp. II Company Profile

Andretti Acquisition Corp. II is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Andretti Acquisition Corp. II is based in INDIANAPOLIS, IN.