Berkley W R Corp boosted its stake in Launch Two Acquisition Corp. (NASDAQ:LPBB – Free Report) by 33.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 816,717 shares of the company’s stock after purchasing an additional 204,545 shares during the period. Berkley W R Corp’s holdings in Launch Two Acquisition were worth $8,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in LPBB. Cannon Global Investment Management LLC raised its stake in Launch Two Acquisition by 14.5% during the 1st quarter. Cannon Global Investment Management LLC now owns 12,600 shares of the company’s stock valued at $134,000 after acquiring an additional 1,600 shares in the last quarter. DLD Asset Management LP bought a new position in shares of Launch Two Acquisition during the 1st quarter valued at about $137,000. Readystate Asset Management LP bought a new stake in Launch Two Acquisition during the fourth quarter worth approximately $262,000. L1 Global Manager Pty Ltd bought a new stake in shares of Launch Two Acquisition during the 4th quarter worth $1,836,000. Finally, Radcliffe Capital Management L.P. boosted its position in shares of Launch Two Acquisition by 100.1% in the 4th quarter. Radcliffe Capital Management L.P. now owns 403,258 shares of the company’s stock valued at $4,230,000 after purchasing an additional 201,772 shares during the period.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Launch Two Acquisition in a research report on Monday, May 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.
Launch Two Acquisition Stock Performance
Shares of LPBB opened at $10.75 on Monday. Launch Two Acquisition Corp. has a 12 month low of $10.38 and a 12 month high of $10.76. The business’s fifty day simple moving average is $10.71.
Launch Two Acquisition (NASDAQ:LPBB – Get Free Report) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.07 earnings per share for the quarter.
About Launch Two Acquisition
We are a blank check company incorporated on May 13, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.
See Also
- Five stocks we like better than Launch Two Acquisition
- RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade?
- These 4 Earnings Reports Expose the Market’s Growing Economic Divide
- Broadcom May Be the Biggest Winner From Alphabet’s Earnings
- Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit
Want to see what other hedge funds are holding LPBB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Launch Two Acquisition Corp. (NASDAQ:LPBB – Free Report).
Receive News & Ratings for Launch Two Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Launch Two Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.
