Tuttle Capital Management LLC Sells 20,000 Shares of HCM II Acquisition Corp. $HOND

Key Points

• Tuttle Capital Management LLC has significantly reduced its stake in HCM II Acquisition Corp. by selling 20,000 shares, resulting in a 57.1% decrease in holdings, leaving them with 15,000 shares valued at approximately $166,000.
• Institutional interest in HCM II Acquisition is fluctuating, with multiple hedge funds, including Patriot Financial Group and Mizuho Securities, recently establishing new positions in the stock.
• Weiss Ratings has reiterated a "sell (d-)" rating for HCM II Acquisition, indicating a generally negative outlook for the stock among analysts.

Tuttle Capital Management LLC decreased its holdings in HCM II Acquisition Corp. (NASDAQ:HOND - Free Report) by 57.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,000 shares of the company's stock after selling 20,000 shares during the period. Tuttle Capital Management LLC owned 0.05% of HCM II Acquisition worth $166,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Patriot Financial Group Insurance Agency LLC purchased a new stake in HCM II Acquisition during the second quarter valued at approximately $209,000. Mizuho Securities USA LLC bought a new position in shares of HCM II Acquisition during the 1st quarter valued at approximately $271,000. DLD Asset Management LP purchased a new stake in HCM II Acquisition during the 1st quarter valued at $2,416,000. Context Capital Management LLC bought a new stake in HCM II Acquisition in the first quarter worth $3,156,000. Finally, Polar Asset Management Partners Inc. bought a new stake in HCM II Acquisition in the first quarter worth $3,743,000.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of HCM II Acquisition in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, HCM II Acquisition presently has an average rating of "Sell".

HCM II Acquisition Stock Performance

HOND opened at $24.98 on Wednesday. The business has a fifty day moving average of $13.65 and a 200 day moving average of $11.97. HCM II Acquisition Corp. has a 52-week low of $9.96 and a 52-week high of $26.00.

HCM II Acquisition 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.

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