Harraden Circle Investments LLC Buys Shares of 986,559 Churchill Capital Corp IX $CCIX

Harraden Circle Investments LLC purchased a new stake in Churchill Capital Corp IX (NASDAQ:CCIX) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 986,559 shares of the company’s stock, valued at approximately $10,744,000.

Other hedge funds have also modified their holdings of the company. Mercuria Capital Strategies LLC acquired a new stake in shares of Churchill Capital Corp IX during the 4th quarter worth about $93,000. Bank of America Corp DE acquired a new position in Churchill Capital Corp IX in the first quarter valued at about $107,000. Lineage Point Capital LP acquired a new position in Churchill Capital Corp IX in the fourth quarter valued at about $360,000. Sandia Investment Management LP acquired a new position in Churchill Capital Corp IX in the second quarter valued at about $473,000. Finally, JPMorgan Chase & Co. purchased a new position in Churchill Capital Corp IX during the second quarter worth about $522,000.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Churchill Capital Corp IX to a “sell” rating in a research report on Sunday, July 12th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Churchill Capital Corp IX presently has a consensus rating of “Sell”.

Churchill Capital Corp IX Price Performance

NASDAQ:CCIX opened at $10.88 on Friday. Churchill Capital Corp IX has a 52 week low of $10.45 and a 52 week high of $11.32. The stock’s fifty day moving average is $10.88 and its two-hundred day moving average is $10.79. The stock has a market capitalization of $398.88 million, a price-to-earnings ratio of 57.27 and a beta of -0.05.

About Churchill Capital Corp IX

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.