Corvex Management LP bought a new position in shares of Horizon Acquisition Co. II (NYSE:HZON) in the first quarter, Holdings Channel.com reports. The firm bought 652,272 shares of the company’s stock, valued at approximately $6,653,000. Horizon Acquisition Co. II accounts for 0.3% of Corvex Management LP’s holdings, making the stock its 26th largest holding.
A number of other large investors have also modified their holdings of the business. D. E. Shaw & Co. Inc. bought a new position in Horizon Acquisition Co. II during the first quarter worth about $1,044,000. Highland Capital Management Fund Advisors L.P. bought a new position in shares of Horizon Acquisition Co. II in the first quarter valued at approximately $167,000. Morgan Stanley boosted its position in shares of Horizon Acquisition Co. II by 1,540.5% in the first quarter. Morgan Stanley now owns 48,051 shares of the company’s stock valued at $490,000 after acquiring an additional 45,122 shares during the period. Governors Lane LP bought a new position in shares of Horizon Acquisition Co. II in the first quarter valued at approximately $8,682,000. Finally, Tiger Legatus Capital Management LLC bought a new position in shares of Horizon Acquisition Co. II in the first quarter valued at approximately $7,038,000. Hedge funds and other institutional investors own 32.94% of the company’s stock.
Shares of HZON stock traded down $0.03 during trading hours on Thursday, reaching $9.72. The stock had a trading volume of 419 shares, compared to its average volume of 130,619. The stock has a fifty day simple moving average of $9.85. Horizon Acquisition Co. II has a 12 month low of $9.71 and a 12 month high of $12.16.
Horizon Acquisition Corporation II does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media and entertainment industries. The company was incorporated in 2020 and is based in Greenwich, Connecticut.
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