Context Capital Management LLC Cuts Stock Position in Artius II Acquisition Inc. $AACB

Context Capital Management LLC lessened its holdings in shares of Artius II Acquisition Inc. (NASDAQ:AACB) by 30.8% during the 3rd quarter, Holdings Channel reports. The firm owned 112,191 shares of the company’s stock after selling 50,000 shares during the period. Context Capital Management LLC’s holdings in Artius II Acquisition were worth $1,139,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. AQR Arbitrage LLC purchased a new stake in Artius II Acquisition during the 2nd quarter worth approximately $15,202,000. Sculptor Capital LP purchased a new stake in shares of Artius II Acquisition during the second quarter worth $14,168,000. Linden Advisors LP acquired a new stake in shares of Artius II Acquisition in the second quarter valued at $10,120,000. Alberta Investment Management Corp acquired a new stake in shares of Artius II Acquisition in the second quarter valued at $9,918,000. Finally, Magnetar Financial LLC purchased a new position in Artius II Acquisition in the second quarter valued at $6,066,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Artius II Acquisition in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Artius II Acquisition Stock Performance

Artius II Acquisition stock opened at $10.34 on Wednesday. The stock’s fifty day moving average is $10.33 and its two-hundred day moving average is $10.26. Artius II Acquisition Inc. has a 1-year low of $9.85 and a 1-year high of $10.39.

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.