Wealthspring Capital LLC reduced its stake in shares of Legato Merger Corp. II (NASDAQ:LGTOU – Get Rating) by 24.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 344,270 shares of the company's stock after selling 109,910 shares during the quarter. Legato Merger Corp. II accounts for approximately 0.6% of Wealthspring Capital LLC's holdings, making the stock its 23rd biggest position. Wealthspring Capital LLC's holdings in Legato Merger Corp. II were worth $3,453,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Adage Capital Partners GP L.L.C. bought a new position in shares of Legato Merger Corp. II in the fourth quarter valued at approximately $18,054,000. Cubist Systematic Strategies LLC bought a new position in shares of Legato Merger Corp. II in the fourth quarter valued at approximately $9,018,000. Kepos Capital LP bought a new position in shares of Legato Merger Corp. II in the fourth quarter valued at approximately $7,282,000. Castle Creek Arbitrage LLC bought a new position in Legato Merger Corp. II in the 4th quarter worth approximately $5,597,000. Finally, Davidson Kempner Capital Management LP bought a new position in Legato Merger Corp. II in the 4th quarter worth approximately $4,731,000.
Get Legato Merger Corp. II alerts:Legato Merger Corp. II Stock Performance
LGTOU stock remained flat at $10.09 during trading on Friday. Legato Merger Corp. II has a 52 week low of $9.92 and a 52 week high of $10.15. The stock's 50 day moving average is $10.13 and its 200 day moving average is $10.08.
About Legato Merger Corp. II
(Get Rating)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.
Further Reading
- Get a free copy of the StockNews.com research report on Legato Merger Corp. II (LGTOU)
- EV Battery Maker Freyr Set For Major Global Expansion
- MarketBeat: Week in Review 9/26 – 9/30
- This Is A Memorable Time To Buy Into Micron Technology
- Thor Industries Hammers Out A Bottom
- Declining Profits Challenge the CarMax Value Proposition
Want to see what other hedge funds are holding LGTOU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Legato Merger Corp. II (NASDAQ:LGTOU – Get Rating).
Receive News & Ratings for Legato Merger Corp. II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Legato Merger Corp. II and related companies with MarketBeat.com's FREE daily email newsletter.