Condor Capital Management Cuts Position in Ares Acquisition Co. II (NYSE:AACT)

Condor Capital Management decreased its position in Ares Acquisition Co. II (NYSE:AACT) by 24.4% during the fourth quarter, Holdings Channel reports. The firm owned 27,298 shares of the company’s stock after selling 8,834 shares during the quarter. Condor Capital Management’s holdings in Ares Acquisition Co. II were worth $300,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Decagon Asset Management LLP purchased a new stake in Ares Acquisition Co. II in the fourth quarter valued at approximately $4,089,000. Wolverine Asset Management LLC increased its position in shares of Ares Acquisition Co. II by 17.7% during the fourth quarter. Wolverine Asset Management LLC now owns 808,594 shares of the company’s stock worth $8,878,000 after acquiring an additional 121,655 shares during the period. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Ares Acquisition Co. II during the fourth quarter worth $1,110,000. Hedge funds and other institutional investors own 72.95% of the company’s stock.

Ares Acquisition Co. II Stock Up 0.2 %

Ares Acquisition Co. II stock opened at $11.20 on Friday. Ares Acquisition Co. II has a twelve month low of $10.55 and a twelve month high of $11.20. The stock’s fifty day simple moving average is $11.05 and its 200-day simple moving average is $10.94.

Ares Acquisition Co. II Profile

Ares Acquisition Corp. II is a blank check company which engages in effecting a merger, share exchange, asset acquisition, share purchase, and reorganization or similar business combination. The company was founded on March 15, 2021 and is headquartered in New York, NY.