K2 Principal Fund L.P. Sells 81,521 Shares of Sizzle Acquisition Corp. II $SZZL

K2 Principal Fund L.P. decreased its holdings in shares of Sizzle Acquisition Corp. II (NASDAQ:SZZL) by 81.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,479 shares of the company’s stock after selling 81,521 shares during the period. K2 Principal Fund L.P.’s holdings in Sizzle Acquisition Corp. II were worth $188,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in Sizzle Acquisition Corp. II during the second quarter worth about $17,588,000. Wolverine Asset Management LLC raised its stake in shares of Sizzle Acquisition Corp. II by 23.6% in the fourth quarter. Wolverine Asset Management LLC now owns 1,001,497 shares of the company’s stock valued at $10,175,000 after acquiring an additional 191,078 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Sizzle Acquisition Corp. II by 40.0% in the 3rd quarter. Millennium Management LLC now owns 700,000 shares of the company’s stock worth $7,056,000 after acquiring an additional 200,000 shares in the last quarter. Whitebox Advisors LLC bought a new stake in Sizzle Acquisition Corp. II during the 2nd quarter worth approximately $6,532,000. Finally, Shaolin Capital Management LLC bought a new stake in Sizzle Acquisition Corp. II during the 2nd quarter worth approximately $5,528,000.

Sizzle Acquisition Corp. II Price Performance

SZZL stock opened at $10.35 on Friday. The business has a fifty day moving average price of $10.31 and a 200 day moving average price of $10.25. Sizzle Acquisition Corp. II has a fifty-two week low of $9.21 and a fifty-two week high of $10.50.

Sizzle Acquisition Corp. II (NASDAQ:SZZL) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Sizzle Acquisition Corp. II from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

About Sizzle Acquisition Corp. II

Sizzle Acquisition Corp. does not have significant operations. The company intends to focus on entering into merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It focuses on investing in the restaurant, hospitality, food and beverage, retail, consumer, food and food related technology, and real estate industries. The company was incorporated in 2020 and is based in Washington, the District of Columbia.