Lineage Point Capital LP Purchases Shares of 70,000 Cohen Circle Acquisition Corp. II $CCII

Lineage Point Capital LP acquired a new position in shares of Cohen Circle Acquisition Corp. II (NASDAQ:CCII) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 70,000 shares of the company’s stock, valued at approximately $717,000.

A number of other large investors have also recently made changes to their positions in CCII. Virtu Financial LLC acquired a new position in shares of Cohen Circle Acquisition Corp. II during the fourth quarter valued at about $346,000. Alberta Investment Management Corp acquired a new stake in shares of Cohen Circle Acquisition Corp. II in the 4th quarter worth about $2,048,000. Toronto Dominion Bank raised its holdings in shares of Cohen Circle Acquisition Corp. II by 58.1% in the 4th quarter. Toronto Dominion Bank now owns 711,673 shares of the company’s stock worth $7,288,000 after acquiring an additional 261,673 shares during the last quarter. Rivernorth Capital Management LLC lifted its position in Cohen Circle Acquisition Corp. II by 89.3% in the 4th quarter. Rivernorth Capital Management LLC now owns 106,000 shares of the company’s stock valued at $1,085,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Millennium Management LLC lifted its position in Cohen Circle Acquisition Corp. II by 27.8% in the 4th quarter. Millennium Management LLC now owns 956,310 shares of the company’s stock valued at $9,793,000 after acquiring an additional 207,950 shares in the last quarter.

Wall Street Analyst Weigh In

CCII has been the subject of a number of recent research reports. Wall Street Zen raised Cohen Circle Acquisition Corp. II to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised Cohen Circle Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Cohen Circle Acquisition Corp. II presently has an average rating of “Sell”.

Cohen Circle Acquisition Corp. II Stock Performance

CCII opened at $10.30 on Friday. The firm’s 50-day moving average price is $10.26. Cohen Circle Acquisition Corp. II has a fifty-two week low of $10.07 and a fifty-two week high of $10.47.

Cohen Circle Acquisition Corp. II (NASDAQ:CCII) last released its quarterly earnings results on Wednesday, March 25th. The company reported $0.07 earnings per share for the quarter.

About Cohen Circle Acquisition Corp. II

Cohen Circle Acquisition Corp. II (NASDAQ: CCII) is a special purpose acquisition company (SPAC) that is publicly listed on the Nasdaq stock exchange. As a blank‑check vehicle, its primary role is to raise capital from public-market investors and use those proceeds to complete a business combination with one or more operating companies. The company structure is intended to provide a faster and potentially more cost‑effective route for private businesses to access public markets through a merger or similar transaction.

The firm’s principal activities center on identifying, negotiating and executing a qualifying business combination, which can take the form of a merger, asset acquisition, stock purchase, reorganization or other strategic transaction.