Gabelli Funds LLC Lowers Stock Position in Columbus Acquisition Corp/Cayman Islands $COLA

Gabelli Funds LLC reduced its stake in shares of Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) by 54.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,450 shares of the company’s stock after selling 56,850 shares during the period. Gabelli Funds LLC’s holdings in Columbus Acquisition Corp/Cayman Islands were worth $503,000 at the end of the most recent reporting period.

Columbus Acquisition Corp/Cayman Islands Stock Performance

Shares of COLA opened at $10.85 on Friday. The company’s 50 day simple moving average is $10.60. Columbus Acquisition Corp/Cayman Islands has a 12-month low of $10.08 and a 12-month high of $11.15.

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) last issued its earnings results on Thursday, May 14th. The company reported $0.01 earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings assumed coverage on Columbus Acquisition Corp/Cayman Islands in a research report on Monday, January 26th. They set a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Columbus Acquisition Corp/Cayman Islands Company Profile

Columbus Acquisition Corp/Cayman Islands (NASDAQ: COLA) is a Cayman Islands–incorporated special purpose acquisition company (SPAC) listed on the Nasdaq stock exchange. As a blank-check company, its stated principal business purpose is to raise capital through an initial public offering and to seek one or more business combinations, acquisitions, mergers, or similar transactions that would result in a change of business, operations or management for the combined company.

The company does not operate an ongoing commercial business or produce products or services in the way an operating company does.