Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Upgraded to Hold at Wall Street Zen

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

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

Columbus Acquisition Corp/Cayman Islands Stock Performance

NASDAQ:COLA opened at $10.68 on Friday. The stock’s fifty day moving average price is $10.73. Columbus Acquisition Corp/Cayman Islands has a 52 week low of $10.14 and a 52 week high of $11.15.

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

Institutional Investors Weigh In On Columbus Acquisition Corp/Cayman Islands

Hedge funds have recently bought and sold shares of the stock. HRT Financial LP purchased a new stake in shares of Columbus Acquisition Corp/Cayman Islands during the fourth quarter worth approximately $172,000. Clear Street Group Inc. lifted its stake in 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 acquiring an additional 71,844 shares during the last quarter. L1 Global Manager Pty Ltd purchased a new position in Columbus Acquisition Corp/Cayman Islands in the fourth quarter worth approximately $1,039,000. Rivernorth Capital Management LLC grew its holdings 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 acquiring an additional 102,256 shares in the last quarter. Finally, Meteora Capital LLC acquired a new position 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.