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

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

Cohen Circle Acquisition Corp. II Trading Up 0.0%

Shares of NASDAQ CCII traded up $0.00 during mid-day trading on Tuesday, reaching $10.38. 405,124 shares of the company’s stock were exchanged, compared to its average volume of 82,328. The business has a fifty day simple moving average of $10.31 and a 200 day simple moving average of $10.30. Cohen Circle Acquisition Corp. II has a twelve month low of $10.11 and a twelve month high of $10.50.

Analyst Ratings Changes

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

Institutional Trading of Cohen Circle Acquisition Corp. II

Several hedge funds and other institutional investors have recently modified their holdings of the company. Readystate Asset Management LP bought a new stake in Cohen Circle Acquisition Corp. II in the 2nd quarter valued at approximately $259,000. SkyView Investment Advisors LLC acquired a new position in Cohen Circle Acquisition Corp. II during the 2nd quarter worth approximately $515,000. First Trust Capital Management L.P. bought a new position in shares of Cohen Circle Acquisition Corp. II during the 3rd quarter worth approximately $2,059,000. Sona Asset Management US LLC bought a new position in shares of Cohen Circle Acquisition Corp. II during the 1st quarter worth approximately $3,577,000. Finally, Periscope Capital Inc. bought a new position in shares of Cohen Circle Acquisition Corp. II during the 3rd quarter worth approximately $4,330,000.

About Cohen Circle Acquisition Corp. II

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.