Healthcare of Ontario Pension Plan Trust Fund Takes Position in Galata Acquisition Corp. II $LATA

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Galata Acquisition Corp. II (NASDAQ:LATA) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 499,998 shares of the company’s stock, valued at approximately $4,995,000.

Other institutional investors also recently bought and sold shares of the company. Adage Capital Partners GP L.L.C. purchased a new position in shares of Galata Acquisition Corp. II in the 4th quarter valued at $13,446,000. Picton Mahoney Asset Management purchased a new stake in shares of Galata Acquisition Corp. II during the 4th quarter worth $9,960,000. Alberta Investment Management Corp purchased a new stake in shares of Galata Acquisition Corp. II during the 4th quarter worth $7,221,000. AQR Arbitrage LLC bought a new stake in Galata Acquisition Corp. II during the fourth quarter valued at about $6,747,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in Galata Acquisition Corp. II during the fourth quarter valued at about $5,976,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings started coverage on shares of Galata Acquisition Corp. II in a report on Tuesday, May 26th. They issued a “sell (e+)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Galata Acquisition Corp. II Stock Performance

NASDAQ LATA opened at $10.12 on Thursday. The business has a fifty day moving average price of $10.10. Galata Acquisition Corp. II has a 12-month low of $9.91 and a 12-month high of $10.20.

About Galata Acquisition Corp. II

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.