Kochav Defense Acquisition (NASDAQ:KCHV) Releases Earnings Results

Kochav Defense Acquisition (NASDAQ:KCHVGet Free Report) issued its quarterly earnings data on Thursday. The company reported $0.06 earnings per share for the quarter, FiscalAI reports.

Kochav Defense Acquisition Price Performance

Kochav Defense Acquisition stock remained flat at $10.31 during mid-day trading on Friday. The company’s stock had a trading volume of 34,469 shares, compared to its average volume of 13,152. The stock’s 50 day moving average is $10.27. Kochav Defense Acquisition has a 52-week low of $9.93 and a 52-week high of $10.33.

Institutional Trading of Kochav Defense Acquisition

A number of hedge funds and other institutional investors have recently modified their holdings of KCHV. Westchester Capital Management LLC grew its holdings in shares of Kochav Defense Acquisition by 349.7% in the 4th quarter. Westchester Capital Management LLC now owns 1,286,000 shares of the company’s stock worth $13,040,000 after acquiring an additional 1,000,000 shares during the last quarter. Crossingbridge Advisors LLC grew its holdings in shares of Kochav Defense Acquisition by 300.0% in the 4th quarter. Crossingbridge Advisors LLC now owns 1,200,005 shares of the company’s stock worth $12,168,000 after acquiring an additional 900,005 shares during the last quarter. Berkley W R Corp grew its holdings in shares of Kochav Defense Acquisition by 15.8% in the 4th quarter. Berkley W R Corp now owns 1,686,575 shares of the company’s stock worth $17,102,000 after acquiring an additional 229,562 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Kochav Defense Acquisition by 84.1% in the 4th quarter. Millennium Management LLC now owns 405,000 shares of the company’s stock worth $4,107,000 after acquiring an additional 185,000 shares during the last quarter. Finally, Sona Asset Management US LLC acquired a new position in shares of Kochav Defense Acquisition in the 1st quarter worth $1,795,000.

Analyst Ratings Changes

Separately, Weiss Ratings initiated coverage on Kochav Defense Acquisition in a research report on Tuesday, February 10th. They issued a “sell (e+)” rating for the company. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on Kochav Defense Acquisition

Kochav Defense Acquisition Company Profile

(Get Free Report)

We are a newly organized blank check company originally formed as Cayman Islands exempted company on January 7, 2025 for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.

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