200,000 Shares in Armada Acquisition Corp. II $XRPN Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Armada Acquisition Corp. II (NASDAQ:XRPN) in the fourth quarter, HoldingsChannel reports. The fund bought 200,000 shares of the company’s stock, valued at approximately $2,048,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC acquired a new position in shares of Armada Acquisition Corp. II during the 4th quarter worth about $1,058,000. Geode Capital Management LLC acquired a new stake in shares of Armada Acquisition Corp. II in the fourth quarter valued at about $155,000. Finally, Huntington National Bank acquired a new stake in shares of Armada Acquisition Corp. II in the fourth quarter valued at about $26,000. 27.95% of the stock is owned by institutional investors.

Armada Acquisition Corp. II Price Performance

Shares of NASDAQ:XRPN opened at $10.40 on Friday. Armada Acquisition Corp. II has a 52-week low of $10.00 and a 52-week high of $10.91. The firm has a 50-day moving average price of $10.37.

Armada Acquisition Corp. II (NASDAQ:XRPN) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.04 earnings per share for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Armada Acquisition Corp. II in a research report on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Armada Acquisition Corp. II Profile

Armada Acquisition Corp. II (NASDAQ: XRPN) is a special purpose acquisition company (SPAC), commonly known as a blank‑check company, formed to raise capital through an initial public offering for the purpose of effecting a business combination. As a SPAC, the company does not operate an active commercial business; instead, its primary activity is identifying, negotiating and completing a merger, share exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more target companies.

Following its public listing, Armada Acquisition Corp.