Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Releases Quarterly Earnings Results

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) released its quarterly earnings data on Tuesday. The company reported $0.02 EPS for the quarter, FiscalAI reports.

Columbus Acquisition Corp/Cayman Islands Stock Down 0.2%

COLA opened at $10.68 on Wednesday. The firm has a fifty day moving average price of $10.68. Columbus Acquisition Corp/Cayman Islands has a 1 year low of $10.16 and a 1 year high of $11.15.

Analysts Set New Price Targets

COLA has been the subject of a number of research reports. Wall Street Zen upgraded shares of Columbus Acquisition Corp/Cayman Islands to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings reiterated a “sell (d)” rating on shares of Columbus Acquisition Corp/Cayman Islands in a research note on Monday, June 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Columbus Acquisition Corp/Cayman Islands presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in COLA. HRT Financial LP acquired a new stake in Columbus Acquisition Corp/Cayman Islands during the fourth quarter worth approximately $172,000. Clear Street Group Inc. lifted its position in shares of Columbus Acquisition Corp/Cayman Islands by 1,173.3% during the 4th quarter. Clear Street Group Inc. now owns 77,967 shares of the company’s stock valued at $810,000 after acquiring an additional 71,844 shares during the period. L1 Global Manager Pty Ltd bought a new stake in shares of Columbus Acquisition Corp/Cayman Islands during the 4th quarter valued at $1,039,000. Rivernorth Capital Management LLC grew its holdings in shares of 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 purchasing an additional 102,256 shares in the last quarter. Finally, Meteora Capital LLC acquired a new stake in shares of Columbus Acquisition Corp/Cayman Islands during the 4th quarter worth $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.