OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Churchill Capital Corp IX (NASDAQ:CCIX – Free Report) by 20.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 199,274 shares of the company’s stock after selling 50,726 shares during the quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Churchill Capital Corp IX were worth $2,118,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in CCIX. BCK Capital Management LP boosted its stake in shares of Churchill Capital Corp IX by 177.6% during the 4th quarter. BCK Capital Management LP now owns 380,000 shares of the company’s stock worth $4,039,000 after purchasing an additional 243,115 shares during the last quarter. Wolverine Asset Management LLC raised its position in shares of Churchill Capital Corp IX by 750.4% in the fourth quarter. Wolverine Asset Management LLC now owns 97,800 shares of the company’s stock valued at $1,040,000 after buying an additional 86,300 shares during the last quarter. Sandia Investment Management LP purchased a new position in shares of Churchill Capital Corp IX during the second quarter valued at approximately $473,000. Lineage Point Capital LP purchased a new position in shares of Churchill Capital Corp IX during the fourth quarter valued at approximately $360,000. Finally, Radcliffe Capital Management L.P. boosted its position in Churchill Capital Corp IX by 12.2% during the fourth quarter. Radcliffe Capital Management L.P. now owns 152,581 shares of the company’s stock worth $1,622,000 after acquiring an additional 16,596 shares during the last quarter.
Analysts Set New Price Targets
Several research analysts have weighed in on CCIX shares. Wall Street Zen upgraded Churchill Capital Corp IX from a “sell” rating to a “hold” rating in a report on Monday, March 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Churchill Capital Corp IX in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.
Churchill Capital Corp IX Stock Performance
Shares of CCIX stock opened at $10.81 on Friday. The firm has a market capitalization of $396.29 million, a price-to-earnings ratio of 56.90 and a beta of -0.05. Churchill Capital Corp IX has a one year low of $10.45 and a one year high of $11.32. The company has a 50 day moving average price of $10.78 and a 200 day moving average price of $10.69.
Churchill Capital Corp IX (NASDAQ:CCIX – Get Free Report) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.04 earnings per share for the quarter.
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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