Cohen Circle Acquisition Corp. II (NASDAQ:CCII) Releases Earnings Results

Cohen Circle Acquisition Corp. II (NASDAQ:CCII) released its quarterly earnings data on Tuesday. The company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports.

Cohen Circle Acquisition Corp. II Trading Down 0.1%

Shares of NASDAQ CCII traded down $0.01 during midday trading on Wednesday, hitting $10.37. The stock had a trading volume of 405,124 shares, compared to its average volume of 200,179. The business’s 50 day moving average is $10.31 and its 200-day moving average is $10.30. Cohen Circle Acquisition Corp. II has a 52 week low of $10.11 and a 52 week high of $10.50.

Analysts Set New Price Targets

A number of research analysts have commented on CCII shares. Wall Street Zen upgraded Cohen Circle Acquisition Corp. II to a “hold” rating in a report on Saturday, October 24th. Weiss Ratings upgraded Cohen Circle Acquisition Corp. II from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, Cohen Circle Acquisition Corp. II currently has an average rating of “Sell”.

Hedge Funds Weigh In On Cohen Circle Acquisition Corp. II

A number of hedge funds have recently added to or reduced their stakes in the company. Periscope Capital Inc. purchased a new stake in Cohen Circle Acquisition Corp. II during the 3rd quarter valued at $4,330,000. Sona Asset Management US LLC bought a new position in Cohen Circle Acquisition Corp. II during the 1st quarter valued at about $3,577,000. First Trust Capital Management L.P. purchased a new stake in shares of Cohen Circle Acquisition Corp. II during the 3rd quarter valued at about $2,059,000. SkyView Investment Advisors LLC purchased a new stake in shares of Cohen Circle Acquisition Corp. II during the 2nd quarter valued at about $515,000. Finally, Readystate Asset Management LP bought a new stake in shares of Cohen Circle Acquisition Corp. II in the second quarter worth approximately $259,000.

Cohen Circle Acquisition Corp. II Company Profile

Cohen Circle Acquisition Corp. II (NASDAQ: CCII) is a special purpose acquisition company, or SPAC. The company was formed to identify and complete a business combination with one or more private businesses, which may include a merger, acquisition, share exchange, or similar transaction. As a SPAC, Cohen Circle Acquisition Corp. II does not currently operate a commercial business or offer products and services of its own. Its principal activities involve evaluating potential target companies, conducting due diligence, and seeking approval for a proposed transaction.