Sculptor Capital LP Trims Holdings in Archimedes Tech SPAC Partners II Co. $ATII

Sculptor Capital LP decreased its stake in shares of Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) by 18.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 600,646 shares of the company’s stock after selling 139,354 shares during the quarter. Sculptor Capital LP’s holdings in Archimedes Tech SPAC Partners II were worth $6,223,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ATII. L1 Global Manager Pty Ltd purchased a new stake in Archimedes Tech SPAC Partners II in the fourth quarter valued at $2,072,000. StoneX Group Inc. purchased a new stake in Archimedes Tech SPAC Partners II in the fourth quarter valued at $524,000. Finally, Westchester Capital Management LLC raised its position in Archimedes Tech SPAC Partners II by 0.8% in the fourth quarter. Westchester Capital Management LLC now owns 907,144 shares of the company’s stock valued at $9,398,000 after purchasing an additional 7,144 shares during the period.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Archimedes Tech SPAC Partners II from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Archimedes Tech SPAC Partners II currently has an average rating of “Sell”.

Archimedes Tech SPAC Partners II Stock Performance

ATII stock opened at $10.98 on Tuesday. Archimedes Tech SPAC Partners II Co. has a 12-month low of $10.12 and a 12-month high of $11.40. The company has a fifty day moving average price of $10.84.

Archimedes Tech SPAC Partners II (NASDAQ:ATII) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.06 earnings per share (EPS) for the quarter.

About Archimedes Tech SPAC Partners II

Archimedes Tech SPAC Partners II (NASDAQ: ATII) is a special purpose acquisition company (SPAC) listed on the Nasdaq stock market. As a blank‑check vehicle, its primary business purpose is to identify, evaluate and complete a business combination, merger, acquisition or other similar transaction that will result in a publicly traded operating company. The company itself does not conduct an independent operating business prior to completing a qualifying transaction.

Like other SPACs, Archimedes Tech SPAC Partners II raises capital through an initial public offering and places the proceeds in a trust account while it pursues potential targets.