Cohen Circle Acquisition Corp. II (NASDAQ:CCII) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Cohen Circle Acquisition Corp. II (NASDAQ:CCII) to a hold rating in a research note released on Saturday.

Separately, Weiss Ratings upgraded shares of Cohen Circle Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Cohen Circle Acquisition Corp. II Stock Performance

Shares of Cohen Circle Acquisition Corp. II stock opened at $10.23 on Friday. The stock has a 50-day moving average price of $10.26. Cohen Circle Acquisition Corp. II has a 1 year low of $10.07 and a 1 year high of $10.47.

Cohen Circle Acquisition Corp. II (NASDAQ:CCII) last announced its quarterly earnings results on Wednesday, March 25th. The company reported $0.07 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Cohen Circle Acquisition Corp. II

Hedge funds have recently bought and sold shares of the business. Alberta Investment Management Corp purchased a new position in Cohen Circle Acquisition Corp. II in the 4th quarter worth about $2,048,000. DLD Asset Management LP raised its position in Cohen Circle Acquisition Corp. II by 6.7% in the 4th quarter. DLD Asset Management LP now owns 200,000 shares of the company’s stock worth $2,048,000 after buying an additional 12,500 shares during the last quarter. Rivernorth Capital Management LLC raised its position in Cohen Circle Acquisition Corp. II by 89.3% in the 4th quarter. Rivernorth Capital Management LLC now owns 106,000 shares of the company’s stock worth $1,085,000 after buying an additional 50,000 shares during the last quarter. Virtu Financial LLC purchased a new position in Cohen Circle Acquisition Corp. II in the 4th quarter worth about $346,000. Finally, Alyeska Investment Group L.P. purchased a new position in Cohen Circle Acquisition Corp. II in the 4th quarter worth about $344,000.

About Cohen Circle Acquisition Corp. II

Cohen Circle Acquisition Corp. II (NASDAQ: CCII) is a special purpose acquisition company (SPAC) that is publicly listed on the Nasdaq stock exchange. As a blank?check vehicle, its primary role is to raise capital from public-market investors and use those proceeds to complete a business combination with one or more operating companies. The company structure is intended to provide a faster and potentially more cost?effective route for private businesses to access public markets through a merger or similar transaction.

The firm’s principal activities center on identifying, negotiating and executing a qualifying business combination, which can take the form of a merger, asset acquisition, stock purchase, reorganization or other strategic transaction.