Goldman Sachs Group Inc. Sells 21,252 Shares of HCM II Acquisition Corp. $HOND

Key Points

• Goldman Sachs Group Inc. reduced its stock position in HCM II Acquisition Corp. by 3.3% in the first quarter, now owning approximately 2.15%, worth $6.5 million.
• Several other institutional investors have also acquired stakes in HCM II Acquisition, including Millennium Management LLC and Polar Asset Management Partners Inc., contributing to increased investment interest in the company.
• As of the latest report, HCM II Acquisition's stock price opened at $12.06, with a year range between a low of $9.90 and a high of $12.30.

Goldman Sachs Group Inc. decreased its holdings in HCM II Acquisition Corp. (NASDAQ:HOND - Free Report) by 3.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 618,772 shares of the company's stock after selling 21,252 shares during the period. Goldman Sachs Group Inc. owned about 2.15% of HCM II Acquisition worth $6,509,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of HOND. Linden Advisors LP purchased a new position in shares of HCM II Acquisition in the 1st quarter worth $21,150,000. Magnetar Financial LLC purchased a new position in HCM II Acquisition during the first quarter valued at $20,719,000. MMCAP International Inc. SPC purchased a new position in HCM II Acquisition during the first quarter valued at $10,310,000. Encompass Capital Advisors LLC purchased a new position in HCM II Acquisition during the first quarter valued at $10,006,000. Finally, Calamos Advisors LLC purchased a new position in HCM II Acquisition during the first quarter valued at $5,288,000.

HCM II Acquisition Price Performance

Shares of HCM II Acquisition stock traded up $0.46 during trading hours on Friday, hitting $13.26. The company's stock had a trading volume of 1,095,929 shares, compared to its average volume of 343,177. The business has a 50 day moving average price of $11.43 and a two-hundred day moving average price of $11.10. HCM II Acquisition Corp. has a 12-month low of $9.90 and a 12-month high of $13.35.

HCM II Acquisition Company Profile

HCM II Acquisition Corp. operates as a blank check company. It was formed for the purpose of entering into a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on April 4, 2024 and is headquartered in Stamford, CT.