Citigroup Inc. reduced its stake in shares of Atlantic Coastal Acquisition Corp. II (NASDAQ:ACAB – Get Rating) by 17.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 205,128 shares of the company’s stock after selling 44,873 shares during the period. Citigroup Inc.’s holdings in Atlantic Coastal Acquisition Corp. II were worth $2,090,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in shares of Atlantic Coastal Acquisition Corp. II during the 3rd quarter valued at about $110,000. Jane Street Group LLC bought a new stake in Atlantic Coastal Acquisition Corp. II in the 3rd quarter worth approximately $149,000. State Street Corp bought a new stake in Atlantic Coastal Acquisition Corp. II in the 2nd quarter worth approximately $183,000. Parallax Volatility Advisers L.P. bought a new stake in Atlantic Coastal Acquisition Corp. II in the 3rd quarter worth approximately $523,000. Finally, Sculptor Capital LP bought a new stake in Atlantic Coastal Acquisition Corp. II in the 1st quarter worth approximately $991,000. 62.67% of the stock is owned by hedge funds and other institutional investors.
Atlantic Coastal Acquisition Corp. II Price Performance
NASDAQ ACAB opened at $10.35 on Thursday. The business’s 50 day moving average price is $10.37 and its 200-day moving average price is $10.27. Atlantic Coastal Acquisition Corp. II has a fifty-two week low of $9.79 and a fifty-two week high of $11.11.
About Atlantic Coastal Acquisition Corp. II
Atlantic Coastal Acquisition Corp. II does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses in mobility sector. Atlantic Coastal Acquisition Corp.
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