Columbus Acquisition Corp/Cayman Islands $COLA Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. decreased its position in Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) by 62.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,000 shares of the company’s stock after selling 125,000 shares during the period. Polar Asset Management Partners Inc.’s holdings in Columbus Acquisition Corp/Cayman Islands were worth $788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HRT Financial LP purchased a new stake in Columbus Acquisition Corp/Cayman Islands during the 4th quarter valued at about $172,000. Clear Street Group Inc. raised its stake in shares of 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 purchasing an additional 71,844 shares during the last quarter. L1 Global Manager Pty Ltd purchased a new position in shares of Columbus Acquisition Corp/Cayman Islands in the fourth quarter worth about $1,039,000. Rivernorth Capital Management LLC lifted its holdings in shares of Columbus Acquisition Corp/Cayman Islands by 51.8% during the fourth quarter. Rivernorth Capital Management LLC now owns 299,756 shares of the company’s stock worth $3,114,000 after purchasing an additional 102,256 shares during the period. Finally, Meteora Capital LLC acquired a new stake in shares of Columbus Acquisition Corp/Cayman Islands during the fourth quarter worth about $4,632,000.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on COLA shares. Wall Street Zen upgraded shares of Columbus Acquisition Corp/Cayman Islands to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings restated a “sell (d)” rating on shares of Columbus Acquisition Corp/Cayman Islands in a research note on Monday, June 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Columbus Acquisition Corp/Cayman Islands Stock Performance

Shares of COLA opened at $10.68 on Tuesday. The stock’s 50-day moving average is $10.70. Columbus Acquisition Corp/Cayman Islands has a fifty-two week low of $10.16 and a fifty-two week high of $11.15.

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

Columbus Acquisition Corp/Cayman Islands Profile

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.