Context Capital Management LLC Buys 200,000 Shares of Galata Acquisition Corp. II $LATA

Context Capital Management LLC bought a new position in shares of Galata Acquisition Corp. II (NASDAQ:LATA) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 200,000 shares of the company’s stock, valued at approximately $2,040,000. Context Capital Management LLC owned about 0.87% of Galata Acquisition Corp. II as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of LATA. Rivernorth Capital Management LLC bought a new stake in shares of Galata Acquisition Corp. II in the first quarter worth about $2,997,000. Sona Asset Management US LLC purchased a new stake in shares of Galata Acquisition Corp. II in the first quarter worth about $1,411,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Galata Acquisition Corp. II during the first quarter valued at approximately $4,995,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Galata Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 14th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Galata Acquisition Corp. II Stock Performance

Shares of LATA opened at $10.26 on Wednesday. The company’s fifty day moving average is $10.21 and its 200 day moving average is $10.11. Galata Acquisition Corp. II has a fifty-two week low of $9.91 and a fifty-two week high of $10.23.

Galata Acquisition Corp. II (NASDAQ:LATA) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.06 EPS for the quarter.

Galata Acquisition Corp. II Profile

Galata Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination, such as a merger, capital stock exchange, asset acquisition, or similar transaction, with one or more operating businesses. As a SPAC, the company does not currently operate a traditional commercial business and does not offer products or services to customers. Its activities are primarily focused on evaluating potential acquisition targets, completing a transaction, and supporting the resulting combined company.