Sage Mountain Advisors LLC lessened its position in shares of Legato Merger Corp. II (NASDAQ:LGTOU – Get Rating) by 34.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,390 shares of the company's stock after selling 17,010 shares during the quarter. Sage Mountain Advisors LLC's holdings in Legato Merger Corp. II were worth $325,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Clear Street LLC bought a new position in shares of Legato Merger Corp. II during the 1st quarter worth approximately $104,000. Spartan Fund Management Inc. acquired a new position in Legato Merger Corp. II during the 1st quarter valued at approximately $5,035,000. Flow Traders U.S. LLC acquired a new position in Legato Merger Corp. II during the 1st quarter valued at approximately $369,000. Finally, Hodges Capital Management Inc. acquired a new position in Legato Merger Corp. II during the 1st quarter valued at approximately $1,008,000.

Legato Merger Corp. II Stock Performance

Shares of Legato Merger Corp. II stock opened at $10.30 on Wednesday. Legato Merger Corp. II has a 12-month low of $9.92 and a 12-month high of $10.90. The firm's 50 day simple moving average is $10.28 and its two-hundred day simple moving average is $10.16.

Legato Merger Corp. II Profile

Legato Merger Corp. II does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to focus on businesses in the infrastructure, engineering and construction, industrial, and renewables industries.

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