Sona Asset Management US LLC Invests $3.58 Million in Cohen Circle Acquisition Corp. II $CCII

Sona Asset Management US LLC bought a new stake in Cohen Circle Acquisition Corp. II (NASDAQ:CCII) in the first quarter, HoldingsChannel reports. The fund bought 350,000 shares of the company’s stock, valued at approximately $3,577,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bulldog Investors LLP purchased a new position in Cohen Circle Acquisition Corp. II in the 4th quarter worth approximately $256,000. Alyeska Investment Group L.P. acquired a new stake in Cohen Circle Acquisition Corp. II in the fourth quarter valued at approximately $344,000. Virtu Financial LLC purchased a new stake in shares of Cohen Circle Acquisition Corp. II during the fourth quarter valued at approximately $346,000. L1 Global Manager Pty Ltd purchased a new stake in shares of Cohen Circle Acquisition Corp. II during the fourth quarter valued at approximately $512,000. Finally, Lineage Point Capital LP purchased a new position in shares of Cohen Circle Acquisition Corp. II in the fourth quarter valued at $717,000.

Cohen Circle Acquisition Corp. II Stock Down 0.2%

CCII opened at $10.32 on Monday. The business has a 50-day moving average of $10.31. Cohen Circle Acquisition Corp. II has a 1-year low of $10.07 and a 1-year high of $10.50.

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CCII. Wall Street Zen raised shares of Cohen Circle Acquisition Corp. II to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded Cohen Circle Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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.