Commonwealth of Pennsylvania Public School Empls Retrmt SYS Reduces Holdings in Gesher Acquisition Corp. II $GSHR

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in shares of Gesher Acquisition Corp. II (NASDAQ:GSHR) by 12.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,000 shares of the company’s stock after selling 50,000 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 1.71% of Gesher Acquisition Corp. II worth $3,626,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in Gesher Acquisition Corp. II in the fourth quarter valued at $156,000. Meteora Capital LLC purchased a new stake in shares of Gesher Acquisition Corp. II in the 4th quarter valued at about $437,000. Glazer Capital LLC lifted its holdings in shares of Gesher Acquisition Corp. II by 12.2% in the 4th quarter. Glazer Capital LLC now owns 224,254 shares of the company’s stock valued at $2,302,000 after purchasing an additional 24,299 shares during the last quarter. Finally, Radcliffe Capital Management L.P. boosted its position in shares of Gesher Acquisition Corp. II by 34.6% in the 4th quarter. Radcliffe Capital Management L.P. now owns 227,045 shares of the company’s stock valued at $2,331,000 after purchasing an additional 58,339 shares during the period.

Gesher Acquisition Corp. II Stock Performance

Shares of GSHR stock opened at $10.46 on Thursday. Gesher Acquisition Corp. II has a 52-week low of $9.51 and a 52-week high of $11.20. The firm has a 50-day moving average of $10.42.

Gesher Acquisition Corp. II (NASDAQ:GSHR) last posted its quarterly earnings data on Friday, March 27th. The company reported $0.04 earnings per share for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Gesher Acquisition Corp. II in a research note on Friday, June 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

About Gesher Acquisition Corp. II

Gesher Acquisition Corp. II (NASDAQ: GSHR) is a special purpose acquisition company (SPAC) listed on the Nasdaq Stock Market. As a blank‑check vehicle, the company’s principal business activity is to identify, negotiate and complete a business combination with one or more operating businesses. Like other SPACs, it was created to use public capital markets as a mechanism to bring a private target company public via a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination.

Gesher Acquisition Corp.