Churchill Capital Corp IX (NASDAQ:CCIX) Releases Quarterly Earnings Results

Churchill Capital Corp IX (NASDAQ:CCIX) posted its earnings results on Friday. The company reported $0.04 earnings per share for the quarter, Zacks reports.

Churchill Capital Corp IX Stock Performance

Churchill Capital Corp IX stock traded up $0.01 during trading on Friday, reaching $10.78. The company had a trading volume of 1,966 shares, compared to its average volume of 369,167. Churchill Capital Corp IX has a 12-month low of $10.45 and a 12-month high of $11.66. The stock’s 50 day moving average price is $10.72 and its two-hundred day moving average price is $10.67. The firm has a market capitalization of $395.19 million, a price-to-earnings ratio of 49.00 and a beta of -0.05.

Analyst Upgrades and Downgrades

Several research firms have commented on CCIX. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Churchill Capital Corp IX in a research note on Wednesday, May 6th. Wall Street Zen upgraded shares of Churchill Capital Corp IX from a “sell” rating to a “hold” rating in a report on Monday, March 16th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Fort Baker Capital Management LP lifted its position in shares of Churchill Capital Corp IX by 10.6% in the 3rd quarter. Fort Baker Capital Management LP now owns 2,833,119 shares of the company’s stock worth $29,691,000 after buying an additional 270,441 shares during the last quarter. TENOR CAPITAL MANAGEMENT Co. L.P. raised its stake in shares of Churchill Capital Corp IX by 88.0% in the 4th quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 2,702,188 shares of the company’s stock worth $28,724,000 after buying an additional 1,264,688 shares in the last quarter. Meteora Capital LLC raised its stake in shares of Churchill Capital Corp IX by 42.2% in the 4th quarter. Meteora Capital LLC now owns 949,652 shares of the company’s stock worth $10,095,000 after buying an additional 281,628 shares in the last quarter. Berkley W R Corp raised its holdings in shares of Churchill Capital Corp IX by 2,241.9% in the 4th quarter. Berkley W R Corp now owns 936,181 shares of the company’s stock worth $9,952,000 after purchasing an additional 896,205 shares in the last quarter. Finally, Crossingbridge Advisors LLC bought a new stake in shares of Churchill Capital Corp IX in the 4th quarter worth approximately $4,774,000.

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.