Context Capital Management LLC decreased its stake in shares of Cantor Equity Partners II Inc. (NASDAQ:CEPT – Free Report) by 22.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 155,530 shares of the company’s stock after selling 44,470 shares during the period. Context Capital Management LLC’s holdings in Cantor Equity Partners II were worth $1,751,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Harraden Circle Investments LLC increased its position in Cantor Equity Partners II by 10.7% during the third quarter. Harraden Circle Investments LLC now owns 2,440,394 shares of the company’s stock worth $25,649,000 after purchasing an additional 236,050 shares during the last quarter. Alyeska Investment Group L.P. grew its stake in Cantor Equity Partners II by 57.4% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,763,546 shares of the company’s stock worth $19,858,000 after buying an additional 642,845 shares during the period. Highbridge Capital Management LLC purchased a new stake in Cantor Equity Partners II during the fourth quarter worth approximately $14,885,000. Meteora Capital LLC grew its stake in Cantor Equity Partners II by 15.8% during the third quarter. Meteora Capital LLC now owns 1,289,164 shares of the company’s stock worth $13,549,000 after buying an additional 176,079 shares during the period. Finally, Jane Street Group LLC purchased a new stake in Cantor Equity Partners II during the second quarter worth approximately $7,682,000.
Analyst Upgrades and Downgrades
CEPT has been the subject of several research reports. Benchmark initiated coverage on shares of Cantor Equity Partners II in a research note on Tuesday, March 31st. They set a “buy” rating and a $16.00 price objective for the company. Weiss Ratings upgraded shares of Cantor Equity Partners II from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $16.00.
Cantor Equity Partners II Stock Up 1.4%
CEPT opened at $11.93 on Friday. Cantor Equity Partners II Inc. has a 52-week low of $10.32 and a 52-week high of $14.05. The company has a 50 day moving average of $11.89 and a two-hundred day moving average of $11.51. The company has a market cap of $364.82 million and a P/E ratio of -108.45.
Cantor Equity Partners II (NASDAQ:CEPT – Get Free Report) last released its quarterly earnings data on Friday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $3.88 million for the quarter.
About Cantor Equity Partners II
Cantor Equity Partners II (NASDAQ: CEPT) is a closed-end management investment company that focuses on providing customized capital solutions to private, middle-market companies in the United States. Listed on the Nasdaq, CEPT seeks to deliver attractive risk-adjusted returns by investing across a spectrum of debt and equity instruments. Its portfolio may include senior secured loans, subordinated and mezzanine debt, preferred equity, and common equity, allowing it to tailor financing structures to meet the specific growth, acquisition or recapitalization needs of its portfolio companies.
As a business development company registered under the Investment Company Act of 1940, CEPT targets U.S.
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