Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) from a hold rating to a sell rating in a report published on Saturday morning.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Columbus Acquisition Corp/Cayman Islands in a report on Monday, June 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Columbus Acquisition Corp/Cayman Islands currently has a consensus rating of “Sell”.

Columbus Acquisition Corp/Cayman Islands Stock Performance

Shares of Columbus Acquisition Corp/Cayman Islands stock opened at $10.69 on Friday. The stock has a 50 day moving average price of $10.67. Columbus Acquisition Corp/Cayman Islands has a 52-week low of $10.16 and a 52-week high of $11.15.

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) last posted its earnings results on Tuesday, August 4th. The company reported $0.02 EPS for the quarter.

Hedge Funds Weigh In On Columbus Acquisition Corp/Cayman Islands

Several hedge funds and other institutional investors have recently modified their holdings of COLA. HRT Financial LP acquired a new stake in Columbus Acquisition Corp/Cayman Islands in the 4th quarter worth approximately $172,000. Clear Street Group Inc. raised its holdings in shares of Columbus Acquisition Corp/Cayman Islands by 1,173.3% in the fourth quarter. Clear Street Group Inc. now owns 77,967 shares of the company’s stock worth $810,000 after buying an additional 71,844 shares during the last quarter. L1 Global Manager Pty Ltd purchased a new position in shares of Columbus Acquisition Corp/Cayman Islands in the fourth quarter worth $1,039,000. Rivernorth Capital Management LLC lifted its stake in shares of Columbus Acquisition Corp/Cayman Islands by 51.8% during the fourth 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 shares of Columbus Acquisition Corp/Cayman Islands during the fourth quarter worth $4,632,000.

Columbus Acquisition Corp/Cayman Islands Company 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.