Ares Acquisition Co. II (NYSE:AACT - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as $11.27 and last traded at $11.25, with a volume of 436 shares trading hands. The stock had previously closed at $11.26.
Ares Acquisition Co. II Trading Up 0.0 %
The stock's fifty day moving average price is $11.17 and its 200-day moving average price is $11.03.
Institutional Investors Weigh In On Ares Acquisition Co. II
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC grew its holdings in shares of Ares Acquisition Co. II by 4.2% during the 4th quarter. Virtu Financial LLC now owns 22,710 shares of the company's stock worth $249,000 after purchasing an additional 914 shares during the period. FNY Investment Advisers LLC boosted its stake in Ares Acquisition Co. II by 10.4% during the first quarter. FNY Investment Advisers LLC now owns 111,638 shares of the company's stock worth $1,244,000 after buying an additional 10,538 shares during the period. D. E. Shaw & Co. Inc. increased its position in shares of Ares Acquisition Co. II by 2.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,475,000 shares of the company's stock valued at $27,176,000 after acquiring an additional 61,500 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Ares Acquisition Co. II during the fourth quarter valued at about $883,000. Finally, Berkley W R Corp raised its stake in shares of Ares Acquisition Co. II by 6.6% in the 4th quarter. Berkley W R Corp now owns 1,608,763 shares of the company's stock valued at $17,664,000 after acquiring an additional 99,740 shares during the period. Institutional investors and hedge funds own 72.95% of the company's stock.
About Ares Acquisition Co. II
(
Get Free Report)
Ares Acquisition Corp. II is a blank check company. It was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on March 15, 2021 and is headquartered in New York, NY.
Featured Articles
Before you consider Ares Acquisition Co. II, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ares Acquisition Co. II wasn't on the list.
While Ares Acquisition Co. II currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
