Glazer Capital LLC recently announced the acquisition of new stake in Horizon Acquisition Corporation II (AMEX:HZON). The institutional investor has increased its shareholding in the Financial company by 41.05% to 3.87 million shares with purchase of 1.13 million shares. This fresh investment now brings its stake to 22.49% valued currently at $38.31 million. In addition, Sculptor Capital LP raised its holdings by 2900.0 to 2.61 million shares. And D. E. Shaw & Co. LP has lifted its position by 1.92% or 49000.0 shares – to 2.6 million shares.
With over 0.13 million Horizon Acquisition Corporation II (HZON) shares trading Monday and a closing price of $9.89 on the day, the dollar volume was approximately $1.29 million. The shares have shown a negative half year performance of -0.50% and its price on 01/23/23 lost nearly -0.50%. Currently, there are 65.62M common shares owned by the public and among those 1.70M shares have been available to trade.
The top 3 mutual fund holders in Horizon Acquisition Corporation II are Lyxor Newcits IRL Plc – Tiedemann, First Trust Merger Arbitrage Fund, and Merger Fund. Lyxor Newcits IRL Plc – Tiedemann owns 0.51 million shares of the company’s stock, all valued at over $5.06 million. The company bought an additional 0.35 million shares recently to bring their total holdings to about 2.97% of the shares outstanding. Merger Fund now owns shares totaling to 2.51% of the shares outstanding.
Shares of Horizon Acquisition Corporation II (AMEX: HZON) opened at $9.93, down -$0.01 from a prior closing price of $9.94. However, the script later moved the day high at 9.93, down -0.50%. The company’s stock has a 5-day price change of -0.10% and -0.60% over the past three months. HZON shares are trading 0.00% year to date (YTD), with the 12-month market performance up to 0.71% higher. It has a 12-month low price of $9.78 and touched a high of $10.07 over the same period. HZON has an average intraday trading volume of 11.16K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.08%, -0.29%, and -0.42% respectively.
Institutional ownership of Horizon Acquisition Corporation II (AMEX: HZON) 65.62M shares outstanding. Mutual fund holders own 13.52%, while other institutional holders and individual stakeholders account for 178.59% and 0.12% respectively.
It has a market capitalization of $298.97M. The stock’s trailing 12-month PE ratio is 38.33, while the earnings-per-share (ttm) stands at $0.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.53% over the week and 0.25% over the month.