K2 Principal Fund L.P. reduced its holdings in Sizzle Acquisition Corp. II (NASDAQ:SZZL – Free Report) by 81.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,479 shares of the company’s stock after selling 81,521 shares during the quarter. K2 Principal Fund L.P. owned about 0.06% of Sizzle Acquisition Corp. II worth $188,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wolverine Asset Management LLC grew its position in shares of Sizzle Acquisition Corp. II by 23.6% in the fourth quarter. Wolverine Asset Management LLC now owns 1,001,497 shares of the company’s stock valued at $10,175,000 after purchasing an additional 191,078 shares during the last quarter. Whitebox Advisors LLC acquired a new stake in shares of Sizzle Acquisition Corp. II in the second quarter valued at about $6,532,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in shares of Sizzle Acquisition Corp. II in the second quarter valued at about $17,588,000. Picton Mahoney Asset Management acquired a new stake in shares of Sizzle Acquisition Corp. II in the third quarter valued at about $5,041,000. Finally, Bulldog Investors LLP grew its position in shares of Sizzle Acquisition Corp. II by 241.9% in the third quarter. Bulldog Investors LLP now owns 172,988 shares of the company’s stock valued at $1,744,000 after purchasing an additional 122,388 shares during the last quarter.
Analysts Set New Price Targets
Separately, Weiss Ratings raised Sizzle Acquisition Corp. II from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Sizzle Acquisition Corp. II presently has an average rating of “Sell”.
Sizzle Acquisition Corp. II Price Performance
SZZL stock opened at $10.35 on Friday. Sizzle Acquisition Corp. II has a twelve month low of $9.21 and a twelve month high of $10.50. The business’s 50-day simple moving average is $10.31 and its 200 day simple moving average is $10.25.
Sizzle Acquisition Corp. II (NASDAQ:SZZL – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter.
Sizzle Acquisition Corp. II Company Profile
Sizzle Acquisition Corp. does not have significant operations. The company intends to focus on entering into merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It focuses on investing in the restaurant, hospitality, food and beverage, retail, consumer, food and food related technology, and real estate industries. The company was incorporated in 2020 and is based in Washington, the District of Columbia.
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