Cantor Fitzgerald L. P. Invests $910,000 in Jackson Acquisition Company II $JACS

Cantor Fitzgerald L. P. bought a new position in Jackson Acquisition Company II (NYSE:JACS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 87,630 shares of the company’s stock, valued at approximately $910,000. Cantor Fitzgerald L. P. owned approximately 0.30% of Jackson Acquisition Company II at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Readystate Asset Management LP bought a new stake in Jackson Acquisition Company II during the third quarter worth approximately $519,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Jackson Acquisition Company II in the second quarter valued at $1,030,000. BCK Capital Management LP lifted its position in shares of Jackson Acquisition Company II by 3.3% during the 3rd quarter. BCK Capital Management LP now owns 103,311 shares of the company’s stock valued at $1,072,000 after acquiring an additional 3,311 shares during the last quarter. Mangrove Partners IM LLC bought a new stake in shares of Jackson Acquisition Company II during the 3rd quarter worth $2,911,000. Finally, Berkley W R Corp boosted its stake in shares of Jackson Acquisition Company II by 40.3% during the 2nd quarter. Berkley W R Corp now owns 346,265 shares of the company’s stock worth $3,567,000 after acquiring an additional 99,390 shares in the last quarter.

Jackson Acquisition Company II Stock Down 0.1%

Jackson Acquisition Company II stock opened at $10.51 on Monday. Jackson Acquisition Company II has a 52 week low of $10.04 and a 52 week high of $10.58. The company has a 50 day moving average price of $10.49 and a 200 day moving average price of $10.44.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Jackson Acquisition Company II in a research report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Jackson Acquisition Company II Profile

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.