Sona Asset Management US LLC Takes $1.63 Million Position in Gores Holdings X, Inc. / CI $GTEN

Sona Asset Management US LLC purchased a new position in shares of Gores Holdings X, Inc. / CI (NASDAQ:GTENFree Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 159,265 shares of the company’s stock, valued at approximately $1,631,000.

Other hedge funds have also recently modified their holdings of the company. Virtu Financial LLC purchased a new position in Gores Holdings X, Inc. / CI in the 4th quarter valued at $270,000. Sandia Investment Management LP raised its position in Gores Holdings X, Inc. / CI by 23.0% during the 4th quarter. Sandia Investment Management LP now owns 61,632 shares of the company’s stock worth $632,000 after buying an additional 11,506 shares during the last quarter. Quarry LP raised its position in Gores Holdings X, Inc. / CI by 23.0% during the 4th quarter. Quarry LP now owns 61,632 shares of the company’s stock worth $632,000 after buying an additional 11,506 shares during the last quarter. DLD Asset Management LP acquired a new stake in shares of Gores Holdings X, Inc. / CI in the 4th quarter worth $1,594,000. Finally, Rivernorth Capital Management LLC lifted its stake in shares of Gores Holdings X, Inc. / CI by 33.6% in the 4th quarter. Rivernorth Capital Management LLC now owns 198,748 shares of the company’s stock worth $2,037,000 after acquiring an additional 50,000 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Gores Holdings X, Inc. / CI in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Gores Holdings X, Inc. / CI presently has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on GTEN

Gores Holdings X, Inc. / CI Stock Up 0.3%

GTEN opened at $10.51 on Monday. The company has a 50 day simple moving average of $10.43. The firm has a market cap of $473.97 million and a PE ratio of 75.10. Gores Holdings X, Inc. / CI has a 12 month low of $10.12 and a 12 month high of $10.60.

Gores Holdings X, Inc. / CI (NASDAQ:GTENGet Free Report) last posted its quarterly earnings results on Saturday, March 28th. The company reported $0.32 earnings per share for the quarter.

Gores Holdings X, Inc. / CI Profile

(Free Report)

Gores Holdings X, Inc (NASDAQ: GTEN) is a special purpose acquisition company (SPAC) formed to effect a business combination with one or more operating businesses. As a blank‑check company, GTEN’s principal activity is to identify, evaluate and complete a merger, asset acquisition, stock purchase, reorganization or similar business combination that would result in a publicly traded combined company.

Prior to completing a business combination, Gores Holdings X does not operate commercial businesses; its operations typically consist of raising capital through an initial public offering, maintaining funds in a trust account, and conducting diligence and negotiations with potential targets.

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Institutional Ownership by Quarter for Gores Holdings X, Inc. / CI (NASDAQ:GTEN)

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