Saba Capital Management L.P. Sells 184,100 Shares of Cohen Circle Acquisition Corp. II $CCII

Saba Capital Management L.P. lowered its stake in shares of Cohen Circle Acquisition Corp. II (NASDAQ:CCII) by 26.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 499,900 shares of the company’s stock after selling 184,100 shares during the period. Saba Capital Management L.P.’s holdings in Cohen Circle Acquisition Corp. II were worth $5,109,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Bulldog Investors LLP bought a new stake in Cohen Circle Acquisition Corp. II during the 4th quarter valued at approximately $256,000. Alyeska Investment Group L.P. bought a new position in shares of Cohen Circle Acquisition Corp. II in the 4th quarter worth approximately $344,000. Virtu Financial LLC purchased a new position in shares of Cohen Circle Acquisition Corp. II in the 4th quarter valued at approximately $346,000. L1 Global Manager Pty Ltd bought a new stake in shares of Cohen Circle Acquisition Corp. II during the fourth quarter valued at approximately $512,000. Finally, Lineage Point Capital LP bought a new stake in shares of Cohen Circle Acquisition Corp. II during the fourth quarter valued at approximately $717,000.

Wall Street Analyst Weigh In

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

Cohen Circle Acquisition Corp. II Trading Down 0.2%

Cohen Circle Acquisition Corp. II stock opened at $10.32 on Tuesday. Cohen Circle Acquisition Corp. II has a twelve month low of $10.07 and a twelve month high of $10.50. The stock has a 50 day moving average of $10.31.

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