Wolverine Asset Management LLC Grows Stock Position in Newbury Street II Acquisition Corp – Class A Ordinary Shares $NTWO

Wolverine Asset Management LLC increased its holdings in Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) by 688.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 903,993 shares of the company’s stock after buying an additional 789,304 shares during the quarter. Wolverine Asset Management LLC’s holdings in Newbury Street II Acquisition Corp – Class A Ordinary Shares were worth $9,302,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NTWO. Schechter Investment Advisors LLC bought a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the first quarter worth approximately $5,300,000. Wealthspring Capital LLC purchased a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the first quarter valued at $636,000. Picton Mahoney Asset Management bought a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the first quarter valued at about $6,289,000. Mizuho Securities USA LLC purchased a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the first quarter worth about $837,000. Finally, MMCAP International Inc. SPC bought a new position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in the first quarter worth about $4,527,000.

Newbury Street II Acquisition Corp – Class A Ordinary Shares Trading Down 0.1%

NASDAQ:NTWO opened at $10.40 on Friday. The stock has a 50-day moving average price of $10.36 and a 200 day moving average price of $10.28. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a 12-month low of $9.88 and a 12-month high of $10.43.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Newbury Street II Acquisition Corp – Class A Ordinary Shares Company Profile

Newbury Street II Acquisition Corp. is a blank check company, which engages in the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on June 18, 2024 and is headquartered in Boston, MA.