BCK Capital Management LP Acquires 243,115 Shares of Churchill Capital Corp IX $CCIX

BCK Capital Management LP raised its holdings in Churchill Capital Corp IX (NASDAQ:CCIX) by 177.6% during the fourth quarter, HoldingsChannel reports. The firm owned 380,000 shares of the company’s stock after acquiring an additional 243,115 shares during the quarter. Churchill Capital Corp IX accounts for 17.8% of BCK Capital Management LP’s holdings, making the stock its 3rd largest position. BCK Capital Management LP’s holdings in Churchill Capital Corp IX were worth $4,039,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Wolverine Asset Management LLC boosted its holdings in shares of Churchill Capital Corp IX by 750.4% in the 4th quarter. Wolverine Asset Management LLC now owns 97,800 shares of the company’s stock valued at $1,040,000 after purchasing an additional 86,300 shares in the last quarter. FNY Investment Advisers LLC boosted its holdings in shares of Churchill Capital Corp IX by 301.0% in the 4th quarter. FNY Investment Advisers LLC now owns 56,940 shares of the company’s stock valued at $605,000 after purchasing an additional 42,740 shares in the last quarter. Meteora Capital LLC boosted its holdings in shares of Churchill Capital Corp IX by 105.7% in the 3rd quarter. Meteora Capital LLC now owns 668,024 shares of the company’s stock valued at $7,001,000 after purchasing an additional 343,339 shares in the last quarter. Verition Fund Management LLC boosted its holdings in shares of Churchill Capital Corp IX by 28.6% in the 3rd quarter. Verition Fund Management LLC now owns 248,369 shares of the company’s stock valued at $2,603,000 after purchasing an additional 55,177 shares in the last quarter. Finally, Clear Street Group Inc. bought a new stake in shares of Churchill Capital Corp IX during the 3rd quarter valued at approximately $2,619,000.

Churchill Capital Corp IX Price Performance

CCIX opened at $10.80 on Friday. Churchill Capital Corp IX has a fifty-two week low of $10.45 and a fifty-two week high of $11.32. The firm has a market capitalization of $395.95 million, a price-to-earnings ratio of 56.85 and a beta of -0.05. The company’s 50 day moving average price is $10.76 and its two-hundred day moving average price is $10.68.

Churchill Capital Corp IX (NASDAQ:CCIX) last posted its earnings results on Friday, May 15th. The company reported $0.04 earnings per share for the quarter.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CCIX. Wall Street Zen raised shares of Churchill Capital Corp IX from a “sell” rating to a “hold” rating in a report on Monday, March 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Churchill Capital Corp IX in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

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.