Polar Asset Management Partners Inc. Sells 125,000 Shares of Columbus Acquisition Corp/Cayman Islands $COLA

Polar Asset Management Partners Inc. lowered its position in Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) by 62.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,000 shares of the company’s stock after selling 125,000 shares during the quarter. Polar Asset Management Partners Inc.’s holdings in Columbus Acquisition Corp/Cayman Islands were worth $788,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Rivernorth Capital Management LLC boosted its stake in shares of 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 purchasing an additional 102,256 shares during the period. Meteora Capital LLC bought a new stake in Columbus Acquisition Corp/Cayman Islands in the fourth quarter worth about $4,632,000. Clear Street Group Inc. boosted its position in shares of Columbus Acquisition Corp/Cayman Islands by 1,173.3% during the fourth 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 period. Harraden Circle Investments LLC bought a new position in shares of Columbus Acquisition Corp/Cayman Islands during the fourth quarter valued at approximately $5,794,000. Finally, L1 Global Manager Pty Ltd bought a new position in shares of Columbus Acquisition Corp/Cayman Islands during the fourth quarter valued at approximately $1,039,000.

Columbus Acquisition Corp/Cayman Islands Trading Down 0.1%

Shares of NASDAQ:COLA opened at $10.68 on Tuesday. The company’s 50-day simple moving average is $10.70. Columbus Acquisition Corp/Cayman Islands has a 1 year low of $10.16 and a 1 year high of $11.15.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on COLA shares. Weiss Ratings reissued a “sell (d)” rating on shares of Columbus Acquisition Corp/Cayman Islands in a research note on Monday, June 29th. Wall Street Zen raised Columbus Acquisition Corp/Cayman Islands to a “hold” rating in a research report on Saturday, July 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Columbus Acquisition Corp/Cayman Islands Profile

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.