1,980,000 Shares in Andretti Acquisition Corp. II $POLE Bought by Alberta Investment Management Corp

Alberta Investment Management Corp purchased a new position in Andretti Acquisition Corp. II (NASDAQ:POLE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,980,000 shares of the company’s stock, valued at approximately $20,552,000. Alberta Investment Management Corp owned 6.71% of Andretti Acquisition Corp. II as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Westchester Capital Management LLC boosted its stake in shares of Andretti Acquisition Corp. II by 63.2% in the first quarter. Westchester Capital Management LLC now owns 1,161,916 shares of the company’s stock worth $11,793,000 after acquiring an additional 450,000 shares during the last quarter. Wolverine Asset Management LLC lifted its holdings in shares of Andretti Acquisition Corp. II by 60.8% in the 2nd quarter. Wolverine Asset Management LLC now owns 1,058,178 shares of the company’s stock valued at $10,984,000 after purchasing an additional 400,079 shares during the last quarter. MMCAP International Inc. SPC acquired a new position in Andretti Acquisition Corp. II in the first quarter valued at $5,875,000. Wealthspring Capital LLC increased its stake in Andretti Acquisition Corp. II by 2,607.0% in the 2nd quarter. Wealthspring Capital LLC now owns 377,630 shares of the company’s stock valued at $3,920,000 after buying an additional 363,680 shares during the period. Finally, Linden Advisors LP acquired a new position in Andretti Acquisition Corp. II during the 1st quarter worth approximately $3,045,000.

Andretti Acquisition Corp. II Trading Down 0.7%

POLE stock opened at $10.50 on Friday. Andretti Acquisition Corp. II has a 1 year low of $9.95 and a 1 year high of $10.90. The stock’s fifty day moving average is $10.54 and its two-hundred day moving average is $10.42.

Andretti Acquisition Corp. II (NASDAQ:POLE) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.08 earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Andretti Acquisition Corp. II in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Andretti Acquisition Corp. II has a consensus rating of “Sell”.

About Andretti Acquisition Corp. II

Andretti Acquisition Corp. II is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Andretti Acquisition Corp. II is based in INDIANAPOLIS, IN.