Deltec Asset Management LLC trimmed its stake in HCM II Acquisition Corp. (NASDAQ:HOND - Free Report) by 23.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 115,000 shares of the company's stock after selling 35,000 shares during the quarter. Deltec Asset Management LLC owned approximately 0.40% of HCM II Acquisition worth $1,210,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Picton Mahoney Asset Management purchased a new stake in shares of HCM II Acquisition in the fourth quarter valued at $19,840,000. AQR Arbitrage LLC purchased a new stake in shares of HCM II Acquisition in the fourth quarter valued at $15,670,000. LMR Partners LLP purchased a new stake in shares of HCM II Acquisition in the fourth quarter valued at $15,030,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of HCM II Acquisition in the fourth quarter valued at $9,218,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of HCM II Acquisition in the fourth quarter valued at $7,675,000.
HCM II Acquisition Stock Up 0.3%
Shares of NASDAQ:HOND opened at $11.65 on Friday. HCM II Acquisition Corp. has a 52 week low of $9.90 and a 52 week high of $12.24. The firm has a fifty day simple moving average of $11.21.
HCM II Acquisition Company Profile
(
Free Report)
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.
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