Sona Asset Management US LLC Acquires New Holdings in Jackson Acquisition Company II $JACS

Sona Asset Management US LLC bought a new stake in Jackson Acquisition Company II (NYSE:JACS) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 206,468 shares of the company’s stock, valued at approximately $2,186,000.

Other hedge funds also recently bought and sold shares of the company. Sculptor Capital LP acquired a new stake in shares of Jackson Acquisition Company II during the second quarter valued at about $7,387,000. Radcliffe Capital Management L.P. acquired a new position in shares of Jackson Acquisition Company II in the 2nd quarter worth approximately $5,532,000. Goldman Sachs Group Inc. acquired a new position in shares of Jackson Acquisition Company II in the 1st quarter worth approximately $3,624,000. Berkley W R Corp boosted its position in shares of Jackson Acquisition Company II by 24.3% during the 1st quarter. Berkley W R Corp now owns 430,362 shares of the company’s stock worth $4,558,000 after purchasing an additional 84,097 shares during the period. Finally, ABC Arbitrage SA purchased a new position in shares of Jackson Acquisition Company II during the 4th quarter worth approximately $156,000.

Jackson Acquisition Company II Stock Performance

NYSE:JACS opened at $10.69 on Monday. Jackson Acquisition Company II has a 52 week low of $10.25 and a 52 week high of $10.74. The company has a fifty day simple moving average of $10.65 and a two-hundred day simple moving average of $10.57.

Jackson Acquisition Company II (NYSE:JACS) last announced its quarterly earnings data on Friday, March 20th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $2.33 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Jackson Acquisition Company II in a report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About Jackson Acquisition Company II

Jackson Acquisition Company II is a special purpose acquisition company (SPAC) listed on the New York Stock Exchange under the ticker JACS. As a blank‐check vehicle, it has no commercial operations of its own but is sponsored by Jackson Square Partners, an investment firm with experience in middle‐market private equity and venture capital. The company’s primary objective is to identify, acquire, or merge with one or more businesses that operate in target industries and deliver long‐term value to its shareholders.

The SPAC completed its initial public offering in late 2021, raising capital through a trust account to fund its acquisition strategy.