Mangrove Partners IM LLC Acquires New Holdings in Jackson Acquisition Company II $JACS

Mangrove Partners IM LLC bought a new stake in Jackson Acquisition Company II (NYSE:JACS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 280,470 shares of the company’s stock, valued at approximately $2,911,000. Mangrove Partners IM LLC owned approximately 0.95% of Jackson Acquisition Company II as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Readystate Asset Management LP acquired a new stake in Jackson Acquisition Company II in the third quarter worth $519,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Jackson Acquisition Company II in the 2nd quarter valued at $1,030,000. BCK Capital Management LP grew its holdings in shares of Jackson Acquisition Company II by 3.3% in the 3rd quarter. BCK Capital Management LP now owns 103,311 shares of the company’s stock valued at $1,072,000 after buying an additional 3,311 shares during the period. Berkley W R Corp increased its position in shares of Jackson Acquisition Company II by 40.3% in the 2nd quarter. Berkley W R Corp now owns 346,265 shares of the company’s stock valued at $3,567,000 after buying an additional 99,390 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Jackson Acquisition Company II in the 1st quarter valued at $3,624,000.

Jackson Acquisition Company II Stock Down 0.1%

JACS stock opened at $10.51 on Friday. The business has a 50-day moving average of $10.49 and a 200-day moving average of $10.43. Jackson Acquisition Company II has a fifty-two week low of $10.04 and a fifty-two week high of $10.58.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Jackson Acquisition Company II in a report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Jackson Acquisition Company II Profile

Jackson Acquisition Company II is a special purpose acquisition company (SPAC) listed on the New York Stock Exchange under the ticker JACS. As a blank‐check vehicle, it has no commercial operations of its own but is sponsored by Jackson Square Partners, an investment firm with experience in middle‐market private equity and venture capital. The company’s primary objective is to identify, acquire, or merge with one or more businesses that operate in target industries and deliver long‐term value to its shareholders.

The SPAC completed its initial public offering in late 2021, raising capital through a trust account to fund its acquisition strategy.