SkyView Investment Advisors LLC Invests $1.56 Million in Gores Holdings X, Inc. / CI $GTEN

SkyView Investment Advisors LLC acquired a new position in shares of Gores Holdings X, Inc. / CI (NASDAQ:GTEN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 150,000 shares of the company’s stock, valued at approximately $1,565,000. Gores Holdings X, Inc. / CI accounts for about 1.3% of SkyView Investment Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. SkyView Investment Advisors LLC owned approximately 0.33% of Gores Holdings X, Inc. / CI as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GTEN. Harraden Circle Investments LLC bought a new position in Gores Holdings X, Inc. / CI during the second quarter worth about $657,000. Lineage Point Capital LP grew its position in shares of Gores Holdings X, Inc. / CI by 5.9% during the 2nd quarter. Lineage Point Capital LP now owns 270,329 shares of the company’s stock worth $2,820,000 after buying an additional 15,000 shares during the period. Sona Asset Management US LLC bought a new stake in shares of Gores Holdings X, Inc. / CI in the 1st quarter valued at about $1,631,000. DLD Asset Management LP increased its stake in shares of Gores Holdings X, Inc. / CI by 6.5% in the 1st quarter. DLD Asset Management LP now owns 165,559 shares of the company’s stock valued at $1,695,000 after acquiring an additional 10,058 shares during the last quarter. Finally, Governors Lane LP increased its stake in shares of Gores Holdings X, Inc. / CI by 91.2% in the 4th quarter. Governors Lane LP now owns 672,658 shares of the company’s stock valued at $6,895,000 after acquiring an additional 320,858 shares during the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Gores Holdings X, Inc. / CI from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Gores Holdings X, Inc. / CI presently has a consensus rating of “Sell”.

Gores Holdings X, Inc. / CI Trading Down 0.2%

NASDAQ:GTEN opened at $10.52 on Tuesday. Gores Holdings X, Inc. / CI has a 1 year low of $10.16 and a 1 year high of $10.99. The stock has a 50-day moving average price of $10.55 and a two-hundred day moving average price of $10.41. The stock has a market cap of $474.37 million, a price-to-earnings ratio of 75.17 and a beta of 0.11.

Gores Holdings X, Inc. / CI Company Profile

Gores Holdings X, Inc is a special purpose acquisition company (SPAC) formed to identify and combine with one or more businesses through a merger, stock purchase, or similar transaction. Unlike an operating company, it does not have an established line of products or services and generally has no commercial operations before completing a business combination.

The company was sponsored by an affiliate of The Gores Group, an investment firm founded by Alec Gores. Its acquisition strategy was not limited to a specific industry or geography, allowing it to evaluate potential targets in a range of sectors and markets.