Horizon Space Acquisition II (NASDAQ:HSPT) Posts Earnings Results

Horizon Space Acquisition II (NASDAQ:HSPT) announced its quarterly earnings results on Wednesday. The company reported $0.07 earnings per share for the quarter, FiscalAI reports.

Horizon Space Acquisition II Price Performance

Shares of HSPT stock opened at $8.90 on Thursday. Horizon Space Acquisition II has a 12-month low of $5.25 and a 12-month high of $14.31. The business has a 50 day simple moving average of $7.80.

Hedge Funds Weigh In On Horizon Space Acquisition II

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rivernorth Capital Management LLC grew its holdings in Horizon Space Acquisition II by 38.6% in the 4th quarter. Rivernorth Capital Management LLC now owns 592,400 shares of the company’s stock worth $6,244,000 after buying an additional 165,000 shares in the last quarter. L1 Global Manager Pty Ltd bought a new position in Horizon Space Acquisition II during the 4th quarter valued at $1,582,000. Clear Street Group Inc. boosted its stake in Horizon Space Acquisition II by 22.5% during the 4th quarter. Clear Street Group Inc. now owns 47,072 shares of the company’s stock valued at $496,000 after purchasing an additional 8,632 shares in the last quarter. Finally, Quarry LP bought a new position in Horizon Space Acquisition II during the 4th quarter valued at $52,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on Horizon Space Acquisition II in a research report on Monday, February 9th. They set a “sell (d-)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Horizon Space Acquisition II presently has an average rating of “Sell”.

About Horizon Space Acquisition II

We are a blank check company incorporated in the Cayman Islands on March 21, 2023 as an exempted company with limited liability (meaning that our public shareholders have no liability, as shareholders of our company, for the liabilities of our company over and above the amount paid for their shares). We were formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer to as a “target business.” Our efforts to identify a prospective target business will not be limited to a particular industry or geographic location.