K2 Principal Fund L.P. grew its holdings in shares of Cantor Equity Partners III, Inc. (NASDAQ:CAEP – Free Report) by 90.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 312,667 shares of the company’s stock after acquiring an additional 148,845 shares during the quarter. K2 Principal Fund L.P. owned about 0.89% of Cantor Equity Partners III worth $3,189,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of CAEP. Mercuria Capital Strategies LLC acquired a new stake in shares of Cantor Equity Partners III in the fourth quarter valued at $98,000. Gabelli Funds LLC acquired a new stake in shares of Cantor Equity Partners III in the second quarter valued at $118,000. FNY Investment Advisers LLC lifted its holdings in shares of Cantor Equity Partners III by 43.9% in the third quarter. FNY Investment Advisers LLC now owns 11,997 shares of the company’s stock valued at $123,000 after buying an additional 3,662 shares during the period. Sandia Investment Management LP acquired a new stake in shares of Cantor Equity Partners III in the second quarter valued at $194,000. Finally, L1 Global Manager Pty Ltd acquired a new stake in shares of Cantor Equity Partners III in the fourth quarter valued at $255,000.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded Cantor Equity Partners III from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.
Cantor Equity Partners III Stock Down 1.5%
Shares of Cantor Equity Partners III stock opened at $14.77 on Friday. The stock’s fifty day moving average is $12.38 and its 200-day moving average is $10.98. Cantor Equity Partners III, Inc. has a 12-month low of $10.13 and a 12-month high of $15.30.
Cantor Equity Partners III (NASDAQ:CAEP – Get Free Report) last announced its earnings results on Monday, March 16th. The company reported $0.01 earnings per share (EPS) for the quarter.
Cantor Equity Partners III Profile
Cantor Equity Partners III (NASDAQ: CAEP) is a special purpose acquisition company sponsored by Cantor Fitzgerald, a leading global financial services firm headquartered in New York City. Formed through an initial public offering in 2021, the company’s sole purpose is to identify, negotiate and complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Cantor Equity Partners III provides its management team with the capital base to pursue attractive acquisition targets in both public and private markets.
The company focuses on sectors where its sponsors and management team have deep expertise, including financial services, technology, healthcare and other growth industries.
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