OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Galata Acquisition Corp. II (NASDAQ:LATA – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 125,000 shares of the company’s stock, valued at approximately $1,245,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Condor Capital Management bought a new position in Galata Acquisition Corp. II in the 4th quarter valued at about $140,000. Deltec Asset Management LLC acquired a new position in shares of Galata Acquisition Corp. II in the fourth quarter valued at approximately $149,000. ABC Arbitrage SA bought a new position in shares of Galata Acquisition Corp. II during the fourth quarter worth approximately $199,000. Royal Bank of Canada bought a new position in shares of Galata Acquisition Corp. II during the fourth quarter worth approximately $225,000. Finally, Virtu Financial LLC acquired a new stake in Galata Acquisition Corp. II during the 4th quarter worth approximately $320,000.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings began coverage on shares of Galata Acquisition Corp. II in a research report on Tuesday, May 26th. They issued a “sell (e+)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Galata Acquisition Corp. II presently has a consensus rating of “Sell”.
Galata Acquisition Corp. II Stock Performance
Shares of Galata Acquisition Corp. II stock opened at $10.10 on Friday. Galata Acquisition Corp. II has a 12-month low of $9.91 and a 12-month high of $10.20. The business’s 50-day moving average price is $10.06.
Galata Acquisition Corp. II 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.
Featured Articles
- Five stocks we like better than Galata Acquisition Corp. II
- Aehr Spikes on New Order, But Has Stock Gotten Ahead of Itself?
- Rackspace’s AI Land Grab: Plugging Into the Next Compute Boom
- Satellogic Is Tiny But Its Revenue Growth Is Hard to Ignore
- Why Kroger’s Pullback Could Be a Gift for Patient Investors
Want to see what other hedge funds are holding LATA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Galata Acquisition Corp. II (NASDAQ:LATA – Free Report).
Receive News & Ratings for Galata Acquisition Corp. II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Galata Acquisition Corp. II and related companies with MarketBeat.com's FREE daily email newsletter.
