OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Takes Position in Galata Acquisition Corp. II $LATA

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Galata Acquisition Corp. II (NASDAQ:LATA) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 125,000 shares of the company’s stock, valued at approximately $1,245,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. OMERS ADMINISTRATION Corp acquired a new stake in shares of Galata Acquisition Corp. II during the 4th quarter valued at approximately $2,988,000. Verition Fund Management LLC acquired a new stake in shares of Galata Acquisition Corp. II during the 4th quarter valued at approximately $4,485,000. K2 Principal Fund L.P. acquired a new stake in shares of Galata Acquisition Corp. II during the 4th quarter valued at approximately $996,000. Clear Street Group Inc. acquired a new stake in shares of Galata Acquisition Corp. II during the 4th quarter valued at approximately $2,653,000. Finally, Context Capital Management LLC acquired a new stake in shares of Galata Acquisition Corp. II during the 4th quarter valued at approximately $1,988,000.

Galata Acquisition Corp. II Price Performance

Shares of Galata Acquisition Corp. II stock opened at $10.10 on Tuesday. Galata Acquisition Corp. II has a 1 year low of $9.91 and a 1 year high of $10.20. The stock’s 50 day moving average is $10.05.

Analyst Ratings Changes

Separately, Weiss Ratings initiated coverage on shares of Galata Acquisition Corp. II in a research note on Tuesday, May 26th. They set a “sell (e+)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Galata Acquisition Corp. II Company Profile

Galata Acquisition Corp. II (NASDAQ: LATA) is a special purpose acquisition company (SPAC), also known as a blank‑check company, formed to effect mergers, share exchanges, asset acquisitions, stock purchases, reorganizations or similar business combinations with one or more businesses. As a publicly traded acquisition vehicle, the company raises capital through an initial public offering and holds proceeds in trust while seeking an operating company to combine with and take public through the SPAC structure.

The firm’s primary activities are identifying and evaluating potential targets, negotiating definitive agreements for business combinations, and completing the required shareholder approvals and regulatory filings to consummate transactions.