Launch Two Acquisition Corp. $LPBB Position Cut by Deltec Asset Management LLC

Deltec Asset Management LLC cut its holdings in Launch Two Acquisition Corp. (NASDAQ:LPBB) by 33.3% in the third quarter, HoldingsChannel reports. The firm owned 100,000 shares of the company’s stock after selling 50,000 shares during the period. Deltec Asset Management LLC’s holdings in Launch Two Acquisition were worth $1,084,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Sona Asset Management US LLC bought a new position in Launch Two Acquisition during the first quarter valued at about $1,062,000. Berkley W R Corp lifted its position in shares of Launch Two Acquisition by 33.4% in the first quarter. Berkley W R Corp now owns 816,717 shares of the company’s stock worth $8,674,000 after buying an additional 204,545 shares during the last quarter. Finally, DLD Asset Management LP acquired a new stake in shares of Launch Two Acquisition in the first quarter worth about $137,000.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Launch Two Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Launch Two Acquisition Stock Up 0.0%

Shares of Launch Two Acquisition stock opened at $10.80 on Tuesday. Launch Two Acquisition Corp. has a 12-month low of $10.45 and a 12-month high of $10.85. The stock has a 50 day moving average price of $10.81 and a two-hundred day moving average price of $10.70.

Launch Two Acquisition (NASDAQ:LPBB) last released its quarterly earnings results on Friday, August 14th. The company reported $0.04 EPS for the quarter.

About Launch Two Acquisition

Launch Two Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Potential transactions may include a merger, acquisition, stock purchase, reorganization or similar transaction.

As a SPAC, Launch Two Acquisition Corp. does not operate a conventional business and does not offer products or services to customers. Its principal activities are evaluating potential target companies, conducting due diligence and seeking shareholder approval for a proposed transaction.

Publicly available information about the company’s completed transactions, operating history, geographic markets and leadership is limited.