Clear Street Group Inc. lessened its position in shares of Cohen Circle Acquisition Corp. II (NASDAQ:CCII – Free Report) by 80.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 84,726 shares of the company’s stock after selling 343,898 shares during the quarter. Clear Street Group Inc. owned approximately 0.24% of Cohen Circle Acquisition Corp. II worth $868,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bulldog Investors LLP acquired a new stake in Cohen Circle Acquisition Corp. II during the 4th quarter valued at approximately $256,000. Alyeska Investment Group L.P. acquired a new stake in Cohen Circle Acquisition Corp. II during the 4th quarter valued at approximately $344,000. L1 Global Manager Pty Ltd acquired a new stake in Cohen Circle Acquisition Corp. II during the 4th quarter valued at approximately $512,000. DLD Asset Management LP boosted its holdings in shares of Cohen Circle Acquisition Corp. II by 6.7% during the 4th quarter. DLD Asset Management LP now owns 200,000 shares of the company’s stock worth $2,048,000 after buying an additional 12,500 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Cohen Circle Acquisition Corp. II during the 4th quarter worth approximately $3,584,000.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on CCII. Wall Street Zen raised shares of Cohen Circle Acquisition Corp. II to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings raised shares of Cohen Circle Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.
Cohen Circle Acquisition Corp. II Trading Down 0.2%
Shares of CCII opened at $10.30 on Tuesday. Cohen Circle Acquisition Corp. II has a 12-month low of $10.07 and a 12-month high of $10.47. The stock has a fifty day moving average price of $10.26.
Cohen Circle Acquisition Corp. II (NASDAQ:CCII – Get Free Report) last released its quarterly earnings results on Wednesday, March 25th. The company reported $0.07 EPS for the quarter.
Cohen Circle Acquisition Corp. II Profile
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.
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