Newbury Street II Acquisition Corp – Class A Ordinary Shares $NTWO Shares Sold by DLD Asset Management LP

DLD Asset Management LP trimmed its stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) by 60.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,000 shares of the company’s stock after selling 150,000 shares during the quarter. DLD Asset Management LP’s holdings in Newbury Street II Acquisition Corp – Class A Ordinary Shares were worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Magnetar Financial LLC purchased a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the second quarter worth approximately $14,906,000. Wolverine Asset Management LLC increased its stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares by 11.4% in the 3rd quarter. Wolverine Asset Management LLC now owns 1,006,617 shares of the company’s stock valued at $10,429,000 after buying an additional 102,624 shares during the period. Hudson Bay Capital Management LP acquired a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 2nd quarter valued at $8,995,000. Goldman Sachs Group Inc. purchased a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 1st quarter worth $4,396,000. Finally, Whitebox Advisors LLC purchased a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 2nd quarter worth $3,859,000.

Newbury Street II Acquisition Corp – Class A Ordinary Shares Stock Performance

NASDAQ:NTWO opened at $10.50 on Monday. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a 1 year low of $10.00 and a 1 year high of $10.52. The stock has a fifty day moving average price of $10.48 and a two-hundred day moving average price of $10.41.

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) last issued its earnings results on Friday, March 6th. The company reported $0.06 EPS for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

About Newbury Street II Acquisition Corp – Class A Ordinary Shares

Newbury Street II Acquisition Corp is a blank check company incorporated in Delaware in 2021 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a special purpose acquisition company (SPAC), it does not currently engage in commercial operations and intends to identify and acquire a target company.

The company completed its initial public offering and listing of its Class A ordinary shares on the Nasdaq under the symbol NTWO in early 2021.