Cohen Circle Acquisition Corp. II (NASDAQ:CCII) Trading at $10.29

Key Points

• CCII shares were essentially unchanged at $10.29, while trading volume fell 89% below the average daily volume.
• The company reported quarterly earnings of $0.06 per share, but analyst sentiment remains negative: Weiss Ratings upgraded the stock only to “sell (d),” and the consensus rating is “Sell.”
• Several institutional investors recently initiated or increased positions, including Radcliffe Capital Management, which raised its holdings by 12.1%. Cohen Circle Acquisition Corp. II is a SPAC seeking a future business combination.

Cohen Circle Acquisition Corp. II (NASDAQ:CCII - Get Free Report)'s stock price was up 0% during trading on Thursday. The company traded as high as $10.29 and last traded at $10.2950. 11,692 shares traded hands during trading, a decline of 89% from the average daily volume of 104,714 shares. The stock had previously closed at $10.29.

Analysts Set New Price Targets

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

Cohen Circle Acquisition Corp. II Trading Up 0.0%

The company has a 50-day moving average of $10.32 and a 200 day moving average of $10.30.

Cohen Circle Acquisition Corp. II (NASDAQ:CCII - Get Free Report) last announced its quarterly earnings results 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

Large investors have recently made changes to their positions in the company. Mint Tower Capital Management B.V. bought a new position in Cohen Circle Acquisition Corp. II during the 4th quarter valued at about $4,096,000. Sona Asset Management US LLC bought a new stake in Cohen Circle Acquisition Corp. II during the first quarter worth about $3,577,000. Lineage Point Capital LP bought a new stake in Cohen Circle Acquisition Corp. II during the fourth quarter worth about $717,000. Radcliffe Capital Management L.P. increased its holdings in shares of Cohen Circle Acquisition Corp. II by 12.1% during the fourth quarter. Radcliffe Capital Management L.P. now owns 616,577 shares of the company's stock worth $6,314,000 after buying an additional 66,577 shares in the last quarter. Finally, SkyView Investment Advisors LLC acquired a new stake in shares of Cohen Circle Acquisition Corp. II during the second quarter worth approximately $515,000.

Cohen Circle Acquisition Corp. II Company Profile

Cohen Circle Acquisition Corp. II is a blank-check company, also known as a special purpose acquisition company (SPAC), incorporated to pursue a business combination with one or more private businesses. The company does not operate a traditional commercial business and does not currently offer products or services to customers.

The company's objective is to identify, acquire, or combine with a target company through a merger, stock purchase, or similar transaction. Its search may include businesses in financial services, financial technology, asset management, business services, and related industries, although the ultimate target and transaction terms depend on the company's ongoing evaluation process.

Until a business combination is completed, Cohen Circle Acquisition Corp.

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