Sculptor Capital LP Lowers Stock Position in Churchill Capital Corp IX $CCIX

Sculptor Capital LP lessened its holdings in Churchill Capital Corp IX (NASDAQ:CCIX) by 21.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 400,000 shares of the company’s stock after selling 111,513 shares during the quarter. Sculptor Capital LP’s holdings in Churchill Capital Corp IX were worth $4,252,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC purchased a new stake in Churchill Capital Corp IX in the 3rd quarter valued at approximately $83,000. Mercuria Capital Strategies LLC purchased a new stake in Churchill Capital Corp IX in the 4th quarter valued at approximately $93,000. FNY Investment Advisers LLC boosted its holdings in Churchill Capital Corp IX by 494.1% in the 3rd quarter. FNY Investment Advisers LLC now owns 14,200 shares of the company’s stock valued at $148,000 after purchasing an additional 11,810 shares in the last quarter. Berkley W R Corp boosted its holdings in Churchill Capital Corp IX by 46.2% in the 3rd quarter. Berkley W R Corp now owns 39,976 shares of the company’s stock valued at $419,000 after purchasing an additional 12,631 shares in the last quarter. Finally, Sandia Investment Management LP purchased a new stake in Churchill Capital Corp IX in the 2nd quarter valued at approximately $473,000.

Churchill Capital Corp IX Stock Performance

CCIX stock opened at $10.81 on Tuesday. Churchill Capital Corp IX has a 1 year low of $10.45 and a 1 year high of $11.32. The stock’s 50 day moving average price is $10.77 and its 200 day moving average price is $10.69. The firm has a market cap of $396.29 million, a P/E ratio of 56.90 and a beta of -0.05.

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

Analyst Ratings Changes

CCIX has been the topic of a number of analyst reports. Wall Street Zen raised 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 research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently 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.