Columbus Acquisition Corp/Cayman Islands $COLA Shares Sold by Berkley W R Corp

Berkley W R Corp trimmed its stake in shares of Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) by 38.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 250,259 shares of the company’s stock after selling 154,772 shares during the quarter. Berkley W R Corp’s holdings in Columbus Acquisition Corp/Cayman Islands were worth $2,628,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of COLA. HRT Financial LP acquired a new stake in Columbus Acquisition Corp/Cayman Islands during the fourth quarter valued at approximately $172,000. Clear Street Group Inc. raised its holdings in shares of Columbus Acquisition Corp/Cayman Islands by 1,173.3% during the fourth quarter. Clear Street Group Inc. now owns 77,967 shares of the company’s stock worth $810,000 after acquiring an additional 71,844 shares in the last quarter. L1 Global Manager Pty Ltd acquired a new stake in shares of Columbus Acquisition Corp/Cayman Islands during the 4th quarter valued at about $1,039,000. Rivernorth Capital Management LLC lifted its stake in Columbus Acquisition Corp/Cayman Islands by 51.8% in the fourth quarter. Rivernorth Capital Management LLC now owns 299,756 shares of the company’s stock valued at $3,114,000 after acquiring an additional 102,256 shares during the last quarter. Finally, Meteora Capital LLC bought a new stake in Columbus Acquisition Corp/Cayman Islands in the fourth quarter worth $4,632,000.

Columbus Acquisition Corp/Cayman Islands Stock Performance

Columbus Acquisition Corp/Cayman Islands stock opened at $10.69 on Monday. Columbus Acquisition Corp/Cayman Islands has a 12-month low of $10.14 and a 12-month high of $11.15. The firm has a 50-day moving average price of $10.71.

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) last issued its earnings results on Thursday, May 14th. The company reported $0.01 EPS for the quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Wall Street Zen upgraded 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 research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Columbus Acquisition Corp/Cayman Islands presently has a consensus rating of “Sell”.

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.