GABELLI & Co INVESTMENT ADVISERS INC. reduced its position in Churchill Capital Corp IX (NASDAQ:CCIX – Free Report) by 19.1% during the fourth quarter, HoldingsChannel reports. The firm owned 249,650 shares of the company’s stock after selling 59,100 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Churchill Capital Corp IX were worth $2,654,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of CCIX. Geode Capital Management LLC bought a new stake in shares of Churchill Capital Corp IX in the 2nd quarter valued at $784,000. JPMorgan Chase & Co. bought a new stake in shares of Churchill Capital Corp IX in the 2nd quarter valued at $522,000. Shaolin Capital Management LLC bought a new stake in shares of Churchill Capital Corp IX in the 2nd quarter valued at $2,104,000. Sandia Investment Management LP bought a new stake in shares of Churchill Capital Corp IX in the 2nd quarter valued at $473,000. Finally, Massar Capital Management LP bought a new stake in shares of Churchill Capital Corp IX in the 2nd quarter valued at $1,841,000.
Churchill Capital Corp IX Price Performance
Churchill Capital Corp IX stock opened at $10.78 on Monday. Churchill Capital Corp IX has a 12-month low of $10.45 and a 12-month high of $11.66. The firm’s fifty day moving average is $10.72 and its 200 day moving average is $10.67. The company has a market capitalization of $395.22 million, a PE ratio of 56.74 and a beta of -0.05.
Analyst Ratings Changes
CCIX has been the topic of a number of analyst reports. Wall Street Zen raised shares of Churchill Capital Corp IX from a “sell” rating to a “hold” rating in a research note on Monday, March 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Churchill Capital Corp IX in a research note on Wednesday, May 6th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Churchill Capital Corp IX presently has a consensus rating of “Sell”.
Get Our Latest Stock Report on CCIX
Churchill Capital Corp IX Company Profile
Coleman Cable, Inc (Coleman) is a designer, developer, manufacturer and supplier of electrical wire and cable products for consumer, commercial and industrial applications, with operations primarily in the United States and in Honduras and Canada. The Company’s wire and cable products enable it to offer its customers a single source for many of their wire and cable product requirements. It manufactures its products in 10 domestic manufacturing locations and supplement its domestic production with both international and domestic sourcing.
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