Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Position in Gesher Acquisition Corp. II $GSHR

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in shares of Gesher Acquisition Corp. II (NASDAQ:GSHR) by 12.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 350,000 shares of the company’s stock after selling 50,000 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Gesher Acquisition Corp. II were worth $3,626,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in Gesher Acquisition Corp. II in the 4th quarter valued at approximately $156,000. Meteora Capital LLC acquired a new position in Gesher Acquisition Corp. II during the 4th quarter worth approximately $437,000. Glazer Capital LLC raised its stake in shares of Gesher Acquisition Corp. II by 12.2% during the 4th quarter. Glazer Capital LLC now owns 224,254 shares of the company’s stock worth $2,302,000 after buying an additional 24,299 shares in the last quarter. Finally, Radcliffe Capital Management L.P. raised its stake in shares of Gesher Acquisition Corp. II by 34.6% during the 4th quarter. Radcliffe Capital Management L.P. now owns 227,045 shares of the company’s stock worth $2,331,000 after buying an additional 58,339 shares in the last quarter.

Gesher Acquisition Corp. II Stock Performance

GSHR opened at $10.46 on Thursday. Gesher Acquisition Corp. II has a 1-year low of $9.51 and a 1-year high of $11.20. The stock has a 50 day moving average price of $10.42.

Gesher Acquisition Corp. II (NASDAQ:GSHR) last issued its quarterly earnings data on Friday, March 27th. The company reported $0.04 earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Gesher Acquisition Corp. II in a research note on Friday, June 26th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Gesher Acquisition Corp. II Company Profile

Gesher Acquisition Corp. II (NASDAQ: GSHR) is a special purpose acquisition company (SPAC) listed on the Nasdaq Stock Market. As a blank‑check vehicle, the company’s principal business activity is to identify, negotiate and complete a business combination with one or more operating businesses. Like other SPACs, it was created to use public capital markets as a mechanism to bring a private target company public via a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination.

Gesher Acquisition Corp.