Horizon Space Acquisition II (NASDAQ:HSPT – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.07 earnings per share for the quarter, FiscalAI reports.
Horizon Space Acquisition II Price Performance
Shares of HSPT stock traded up $0.30 during mid-day trading on Wednesday, hitting $8.11. The company’s stock had a trading volume of 2,946 shares, compared to its average volume of 22,538. Horizon Space Acquisition II has a 52-week low of $5.25 and a 52-week high of $14.31. The company has a 50-day moving average of $7.80.
Analyst Ratings Changes
Separately, Weiss Ratings assumed coverage on Horizon Space Acquisition II in a report on Monday, February 9th. They set a “sell (d-)” rating on the stock. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.
Institutional Trading of Horizon Space Acquisition II
Several large investors have recently added to or reduced their stakes in the business. Rivernorth Capital Management LLC grew its holdings in Horizon Space Acquisition II by 38.6% during the 4th quarter. Rivernorth Capital Management LLC now owns 592,400 shares of the company’s stock valued at $6,244,000 after buying an additional 165,000 shares in the last quarter. L1 Global Manager Pty Ltd purchased a new position in Horizon Space Acquisition II during the fourth quarter valued at $1,582,000. Clear Street Group Inc. increased its holdings in Horizon Space Acquisition II by 22.5% in the 4th quarter. Clear Street Group Inc. now owns 47,072 shares of the company’s stock valued at $496,000 after acquiring an additional 8,632 shares during the last quarter. Finally, Quarry LP purchased a new stake in Horizon Space Acquisition II in the 4th quarter worth $52,000.
Horizon Space Acquisition II Company Profile
We are a blank check company incorporated in the Cayman Islands on March 21, 2023 as an exempted company with limited liability (meaning that our public shareholders have no liability, as shareholders of our company, for the liabilities of our company over and above the amount paid for their shares). We were formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer to as a “target business.” Our efforts to identify a prospective target business will not be limited to a particular industry or geographic location.
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