Saba Capital Management L.P. Sells 150,000 Shares of Range Capital Acquisition Corp II $RNGT

Saba Capital Management L.P. cut its position in Range Capital Acquisition Corp II (NASDAQ:RNGT) by 20.7% in the first quarter, HoldingsChannel.com reports. The firm owned 575,000 shares of the company’s stock after selling 150,000 shares during the period. Saba Capital Management L.P.’s holdings in Range Capital Acquisition Corp II were worth $5,750,000 as of its most recent SEC filing.

Separately, Sona Asset Management US LLC purchased a new stake in shares of Range Capital Acquisition Corp II during the first quarter valued at about $1,096,000.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Range Capital Acquisition Corp II from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Range Capital Acquisition Corp II Stock Performance

RNGT stock opened at $10.15 on Tuesday. Range Capital Acquisition Corp II has a 52-week low of $9.90 and a 52-week high of $10.16. The stock’s 50-day moving average price is $10.10.

Range Capital Acquisition Corp II (NASDAQ:RNGT) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.06 earnings per share for the quarter.

Range Capital Acquisition Corp II Company Profile

Range Capital Acquisition Corp II is a blank check company.