FNY Investment Advisers LLC acquired a new position in Ares Acquisition Co. II (NYSE:AACT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 101,100 shares of the company's stock, valued at approximately $1,110,000. FNY Investment Advisers LLC owned approximately 0.16% of Ares Acquisition Co. II at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AACT. Virtu Financial LLC increased its stake in Ares Acquisition Co. II by 7.6% during the 2nd quarter. Virtu Financial LLC now owns 118,148 shares of the company's stock valued at $1,261,000 after purchasing an additional 8,324 shares in the last quarter. Berkley W R Corp increased its position in shares of Ares Acquisition Co. II by 627.4% in the 2nd quarter. Berkley W R Corp now owns 1,509,023 shares of the company's stock valued at $16,101,000 after acquiring an additional 1,301,567 shares during the period. Driehaus Capital Management LLC purchased a new position in Ares Acquisition Co. II in the 2nd quarter worth $5,335,000. Finally, Wolverine Asset Management LLC lifted its position in Ares Acquisition Co. II by 448.9% during the 3rd quarter. Wolverine Asset Management LLC now owns 686,939 shares of the company's stock worth $7,440,000 after acquiring an additional 561,796 shares during the period. 72.95% of the stock is currently owned by hedge funds and other institutional investors.
Ares Acquisition Co. II Stock Performance
Shares of AACT stock remained flat at $10.98 during mid-day trading on Tuesday. The stock had a trading volume of 20,678 shares, compared to its average volume of 66,394. Ares Acquisition Co. II has a fifty-two week low of $10.45 and a fifty-two week high of $11.00. The business has a fifty day moving average of $10.93 and a two-hundred day moving average of $10.83.
About Ares Acquisition Co. II
(
Free Report)
Ares Acquisition Corporation II does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Ares Acquisition Corporation II was incorporated in 2021 and is based in New York, New York.
Recommended Stories
Before you consider Ares Acquisition Co. II, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ares Acquisition Co. II wasn't on the list.
While Ares Acquisition Co. II currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
