Magnetar Financial LLC has recently announced that it has increased stake in GX Acquisition Corp. II (NASDAQ:GXII) by 617.89%. After grabbing 1.74 million shares, the institutional investor is now in possession of 1.49 million shares of the Financial Company. The new investment brought the stake of investor firm to 5.79% having worth around $17.2 million. Moreover, BNP Paribas Arbitrage SNC increased its share by 1.2 million to have a control over 1.2 million shares. And Periscope Capital, Inc. raised its holdings to 70787.0 shares by acquiring 1.17 million shares or 3.90% of the stake.
GX Acquisition Corp. II (GXII) concluded trading on 01/12/23 at a closing price of $10.05, with 0.81 million shares of worth about $8.16 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.92% during that period and on Thursday the price saw a gain of about 0.10%. Currently the company’s common shares owned by public are about 37.50M shares, out of which, 30.00M shares are available for trading.
FPA Crescent Fund, First Trust Merger Arbitrage Fund, and Calamos Market Neutral Income Fun are the top 3 mutual funds which are holding stakes in GX Acquisition Corp. II FPA Crescent Fund is currently holding 0.65 million shares of worth totaling $6.42 million. The company recently came buying 0.0 shares which brought its stake up to 2.16% of the company’s outstanding shares. First Trust Merger Arbitrage Fund bought 0.37 million shares, after which its hold over company’s outstanding shares expand to 1.87%, leaving 0.56 million shares with the mutual fund that have a worth of about $5.56 million. Calamos Market Neutral Income Fun, after buying 0.53 million shares, have now control over 1.78% of the stake in the company. It holds 0.53 million shares of worth $5.29 million.
GX Acquisition Corp. II (NASDAQ: GXII) started trading at $10.07, above $0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 10.07, or with a gain of 0.10%. Stock saw a price change of 0.30% in past 5 days and over the past one month there was a price change of 1.31%. Year-to-date (YTD), GXII shares are showing a performance of 0.40% which increased to 4.04% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.66 but also hit the highest price of $10.04 during that period. The average intraday trading volume for GX Acquisition Corp. II shares is 94.43K. The stock is currently trading 0.73% above its 20-day simple moving average (SMA20), while that difference is up 1.32% for SMA50 and it goes to 2.48% higher than SMA200.
Magnetar Financial LLC acquired 1.74 million shares of GX Acquisition Corp. II having value of about $17.2 million. Data submitted at the U.S SEC by Magnetar Financial LLC revealed that the firm now holds 1.49 million shares in the company valued at close to $15014549.25, or have control over 617.89% stake in the company. GX Acquisition Corp. II (NASDAQ: GXII) currently have 37.50M outstanding shares and institutions hold larger chunk of about 96.00% of that. Holding of mutual funds in the company is about 10.79% while other institutional holders and individual stake holders have control over 82.12% and — of the stake respectively.
The stock has a current market capitalization of $376.88M. PE ratio of stock for trailing 12 months is 418.75, while it has posted earnings per share of $0.02 in the same period. It has Quick Ratio of 0.10 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GXII, volatility over the week remained 0.14% while standing at 0.11% over the month.
Analysts at 0 brokerage firms have issued recommendations for the GX Acquisition Corp. II (GXII)’s stock out of those 0 Wall Street analysts, 0 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.