Tuttle Capital Management LLC Trims Position in CC Neuberger Principal Holdings II (NYSE:PRPB)

Tuttle Capital Management LLC reduced its stake in CC Neuberger Principal Holdings II (NYSE:PRPBGet Rating) by 25.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 162,670 shares of the company’s stock after selling 55,066 shares during the period. CC Neuberger Principal Holdings II makes up 3.6% of Tuttle Capital Management LLC’s portfolio, making the stock its 3rd largest holding. Tuttle Capital Management LLC owned approximately 0.20% of CC Neuberger Principal Holdings II worth $1,465,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. PenderFund Capital Management Ltd. grew its stake in shares of CC Neuberger Principal Holdings II by 150.0% in the 4th quarter. PenderFund Capital Management Ltd. now owns 2,000 shares of the company’s stock worth $25,000 after buying an additional 1,200 shares in the last quarter. Graham Capital Wealth Management LLC purchased a new position in shares of CC Neuberger Principal Holdings II in the 4th quarter worth $115,000. Raymond James & Associates purchased a new position in shares of CC Neuberger Principal Holdings II in the 4th quarter worth $163,000. Mariner Investment Group LLC grew its stake in shares of CC Neuberger Principal Holdings II by 299.7% in the 4th quarter. Mariner Investment Group LLC now owns 66,684 shares of the company’s stock worth $660,000 after buying an additional 50,000 shares in the last quarter. Finally, GAM Holding AG grew its stake in shares of CC Neuberger Principal Holdings II by 116.1% in the 4th quarter. GAM Holding AG now owns 67,000 shares of the company’s stock worth $663,000 after buying an additional 36,000 shares in the last quarter.

CC Neuberger Principal Holdings II Stock Up 9.1 %

PRPB stock opened at $9.35 on Tuesday. CC Neuberger Principal Holdings II has a 12 month low of $7.86 and a 12 month high of $10.12. The company has a 50-day moving average price of $9.79 and a 200 day moving average price of $9.87.

Analyst Ratings Changes

Separately, Benchmark initiated coverage on shares of CC Neuberger Principal Holdings II in a research note on Thursday, June 16th. They issued a “buy” rating and a $12.00 price objective for the company.

About CC Neuberger Principal Holdings II

(Get Rating)

CC Neuberger Principal Holdings II does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. CC Neuberger Principal Holdings II was incorporated in 2020 and is based in New York, New York.

Further Reading

Institutional Ownership by Quarter for CC Neuberger Principal Holdings II (NYSE:PRPB)

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