P Schoenfeld Asset Management LP bought a new position in shares of Legato Merger Corp. II (NASDAQ:LGTO – Get Rating) in the first quarter, Holdings Channel reports. The institutional investor bought 125,000 shares of the company’s stock, valued at approximately $1,240,000.
Other hedge funds have also recently modified their holdings of the company. Context Capital Management LLC purchased a new stake in shares of Legato Merger Corp. II in the first quarter valued at approximately $7,440,000. Spring Creek Capital LLC purchased a new position in shares of Legato Merger Corp. II during the first quarter worth $3,968,000. Omni Event Management Ltd purchased a new position in Legato Merger Corp. II during the 1st quarter valued at about $2,868,000. Picton Mahoney Asset Management purchased a new position in shares of Legato Merger Corp. II in the first quarter valued at approximately $2,480,000. Finally, Exos Asset Management LLC acquired a new stake in Legato Merger Corp. II during the 1st quarter worth approximately $2,387,000.
Legato Merger Corp. II Price Performance
Shares of LGTO opened at $9.94 on Friday. The firm has a 50-day moving average of $9.95. Legato Merger Corp. II has a 1 year low of $9.73 and a 1 year high of $10.15.
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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