Magnetar Financial LLC has recently announced that it has increased stake in Concord Acquisition Corp II (NYSE:CNDA) by 2,100.69%. After grabbing 2.45 million shares, the institutional investor is now in possession of 2.34 million shares of the Financial Company. The new investment brought the stake of investor firm to 8.75% having worth around $23.9 million. Moreover, Cantor Fitzgerald Securities increased its share by 0.28 million to have a control over 2.1 million shares. And Westchester Capital Management LL raised its holdings to 7500.0 shares by acquiring 0.81 million shares or 2.90% of the stake.
Concord Acquisition Corp II (CNDA) concluded trading on 11/23/22 at a closing price of $9.81, with 0.47 million shares of worth about $4.61 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.87% during that period and on Wednesday the price remained unchanged. Currently the company’s common shares owned by public are about 35.01M shares, out of which, 21.01M shares are available for trading.
Merger Fund, JPMorgan Funds – Multi-Manager Al, and First Trust Merger Arbitrage Fund are the top 3 mutual funds which are holding stakes in Concord Acquisition Corp II Merger Fund is currently holding 0.66 million shares of worth totaling $6.46 million. The company recently came buying 0.0 shares which brought its stake up to 2.37% of the company’s outstanding shares. First Trust Merger Arbitrage Fund, after buying 84084.0 shares, have now control over 0.30% of the stake in the company. It holds 84084.0 shares of worth $0.82 million.
Concord Acquisition Corp II (NYSE: CNDA) started trading at $9.80, below -$0.01 from concluding price of the previous day. Stock saw a price change of 0.10% in past 5 days and over the past one month there was a price change of 0.82%. Over the period of past 52 weeks, stock dropped to lowest price of $9.60 but also hit the highest price of $10.23 during that period. The average intraday trading volume for Concord Acquisition Corp II shares is 42.04K. The stock is currently trading 0.14% above its 20-day simple moving average (SMA20), while that difference is up 0.63% for SMA50 and it goes to 0.86% higher than SMA200.
Magnetar Financial LLC acquired 2.45 million shares of Concord Acquisition Corp II having value of about $23.9 million. Data submitted at the U.S SEC by Magnetar Financial LLC revealed that the firm now holds 2.34 million shares in the company valued at close to $22956282.9, or have control over 2,100.69% stake in the company. Concord Acquisition Corp II (NYSE: CNDA) currently have 35.01M outstanding shares and institutions hold larger chunk of about 90.70% of that. Holding of mutual funds in the company is about 4.92% while other institutional holders and individual stake holders have control over 83.48% and — of the stake respectively.
The stock has a current market capitalization of $343.45M. PE ratio of stock for trailing 12 months is 24.28, while it has posted earnings per share of $0.40 in the same period. It has Quick Ratio of 3.10. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CNDA, volatility over the week remained 0.16% while standing at 0.21% over the month.