Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Stock Rating Upgraded by Wall Street Zen

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Columbus Acquisition Corp/Cayman Islands in a report on Monday, June 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Columbus Acquisition Corp/Cayman Islands Stock Down 0.0%

NASDAQ:COLA opened at $10.68 on Friday. Columbus Acquisition Corp/Cayman Islands has a fifty-two week low of $10.14 and a fifty-two week high of $11.15. The firm’s fifty day moving average is $10.73.

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

Hedge Funds Weigh In On Columbus Acquisition Corp/Cayman Islands

A number of institutional investors and hedge funds have recently bought and sold shares of the company. HRT Financial LP bought a new position in Columbus Acquisition Corp/Cayman Islands in the fourth quarter valued at about $172,000. Clear Street Group Inc. raised its holdings in Columbus Acquisition Corp/Cayman Islands by 1,173.3% in the 4th quarter. Clear Street Group Inc. now owns 77,967 shares of the company’s stock valued at $810,000 after buying an additional 71,844 shares during the last quarter. L1 Global Manager Pty Ltd bought a new position in Columbus Acquisition Corp/Cayman Islands in the 4th quarter valued at approximately $1,039,000. Rivernorth Capital Management LLC boosted its position in Columbus Acquisition Corp/Cayman Islands by 51.8% during the 4th quarter. Rivernorth Capital Management LLC now owns 299,756 shares of the company’s stock worth $3,114,000 after buying an additional 102,256 shares during the period. Finally, Meteora Capital LLC acquired a new stake in Columbus Acquisition Corp/Cayman Islands during the 4th quarter worth approximately $4,632,000.

About Columbus Acquisition Corp/Cayman Islands

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.