Kochav Defense Acquisition (NASDAQ:KCHV) Posts Earnings Results

Kochav Defense Acquisition (NASDAQ:KCHV) issued its quarterly earnings results on Thursday. The company reported $0.06 earnings per share for the quarter, FiscalAI reports.

Kochav Defense Acquisition Price Performance

NASDAQ:KCHV traded up $0.01 during trading hours on Thursday, hitting $10.43. 5,629 shares of the stock traded hands, compared to its average volume of 28,715. Kochav Defense Acquisition has a 1 year low of $10.01 and a 1 year high of $10.43. The firm has a 50 day moving average of $10.38.

Institutional Trading of Kochav Defense Acquisition

Several institutional investors and hedge funds have recently modified their holdings of KCHV. Sona Asset Management US LLC bought a new position in Kochav Defense Acquisition in the 1st quarter worth $1,795,000. Radcliffe Capital Management L.P. raised its holdings in Kochav Defense Acquisition by 7.8% during the fourth quarter. Radcliffe Capital Management L.P. now owns 566,200 shares of the company’s stock valued at $5,741,000 after acquiring an additional 41,200 shares during the period. Millennium Management LLC lifted its position in shares of Kochav Defense Acquisition by 84.1% in the fourth quarter. Millennium Management LLC now owns 405,000 shares of the company’s stock valued at $4,107,000 after acquiring an additional 185,000 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its position in shares of Kochav Defense Acquisition by 8.0% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 269,980 shares of the company’s stock valued at $2,738,000 after acquiring an additional 19,980 shares in the last quarter. Finally, Westchester Capital Management LLC lifted its position in shares of Kochav Defense Acquisition by 349.7% in the fourth quarter. Westchester Capital Management LLC now owns 1,286,000 shares of the company’s stock valued at $13,040,000 after acquiring an additional 1,000,000 shares in the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Kochav Defense Acquisition in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Kochav Defense Acquisition Company Profile

We are a newly organized blank check company originally formed as Cayman Islands exempted company on January 7, 2025 for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.