Cohen Circle Acquisition Corp. II (NASDAQ:CCII) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Cohen Circle Acquisition Corp. II to “hold” from its previous rating, while Weiss Ratings modestly improved its rating to “sell (d)” from “sell (d-).” MarketBeat’s consensus rating remains “Sell,” based on one analyst’s recommendation.
• CCII shares were up 0.1% at $10.31, close to their 50-day and 200-day moving averages, with a 52-week range of $10.11 to $10.50. The company reported quarterly earnings of $0.06 per share.
• Several institutional investors recently acquired stakes, including Sona Asset Management, which purchased approximately $3.6 million in shares. Cohen Circle Acquisition Corp. II is a SPAC seeking a business combination and does not currently operate a commercial business.

Cohen Circle Acquisition Corp. II (NASDAQ:CCII - Get Free Report) was upgraded by investment analysts at Wall Street Zen to a "hold" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings raised Cohen Circle Acquisition Corp. II from a "sell (d-)" rating to a "sell (d)" rating in a research report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has a consensus rating of "Sell".

Cohen Circle Acquisition Corp. II Stock Up 0.1%

NASDAQ:CCII opened at $10.31 on Friday. The stock's 50 day simple moving average is $10.31 and its two-hundred day simple moving average is $10.30. Cohen Circle Acquisition Corp. II has a 1 year low of $10.11 and a 1 year high of $10.50.

Cohen Circle Acquisition Corp. II (NASDAQ:CCII - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.06 earnings per share for the quarter.

Institutional Investors Weigh In On Cohen Circle Acquisition Corp. II

Institutional investors and hedge funds have recently bought and sold shares of the stock. Readystate Asset Management LP purchased a new stake in Cohen Circle Acquisition Corp. II during the 2nd quarter worth $259,000. SkyView Investment Advisors LLC acquired a new position in shares of Cohen Circle Acquisition Corp. II during the 2nd quarter valued at $515,000. Finally, Sona Asset Management US LLC acquired a new stake in shares of Cohen Circle Acquisition Corp. II during the 1st quarter valued at $3,577,000.

Cohen Circle Acquisition Corp. II Company Profile

Cohen Circle Acquisition Corp. II NASDAQ: CCII is a special purpose acquisition company, or SPAC. The company was formed to identify and complete a business combination with one or more private businesses, which may include a merger, acquisition, share exchange, or similar transaction.

As a SPAC, Cohen Circle Acquisition Corp. II does not currently operate a commercial business or offer products and services of its own. Its principal activities involve evaluating potential target companies, conducting due diligence, and seeking approval for a proposed transaction.

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