Cantor Equity Partners III (NASDAQ:CAEP) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Cantor Equity Partners III (NASDAQ:CAEP) from a sell rating to a hold rating in a research report released on Saturday morning.

Cantor Equity Partners III Stock Up 20.1%

CAEP opened at $15.00 on Friday. Cantor Equity Partners III has a 12-month low of $10.13 and a 12-month high of $15.30. The business has a 50 day moving average of $10.58 and a 200-day moving average of $10.37.

Cantor Equity Partners III (NASDAQ:CAEP) last released its quarterly earnings results on Monday, March 16th. The company reported $0.01 earnings per share for the quarter.

Hedge Funds Weigh In On Cantor Equity Partners III

Several institutional investors and hedge funds have recently modified their holdings of CAEP. PenderFund Capital Management Ltd. grew its position in shares of Cantor Equity Partners III by 80.0% during the 4th quarter. PenderFund Capital Management Ltd. now owns 7,200 shares of the company’s stock worth $73,000 after purchasing an additional 3,200 shares in the last quarter. Mercuria Capital Strategies LLC acquired a new stake in shares of Cantor Equity Partners III in the fourth quarter valued at approximately $98,000. Gabelli Funds LLC bought a new stake in shares of Cantor Equity Partners III in the second quarter valued at approximately $118,000. FNY Investment Advisers LLC increased its stake in Cantor Equity Partners III by 43.9% during the 3rd quarter. FNY Investment Advisers LLC now owns 11,997 shares of the company’s stock worth $123,000 after acquiring an additional 3,662 shares during the period. Finally, Sandia Investment Management LP bought a new position in Cantor Equity Partners III during the 2nd quarter worth $194,000.

About Cantor Equity Partners III

Cantor Equity Partners III (NASDAQ: CAEP) is a special purpose acquisition company sponsored by Cantor Fitzgerald, a leading global financial services firm headquartered in New York City. Formed through an initial public offering in 2021, the company’s sole purpose is to identify, negotiate and complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Cantor Equity Partners III provides its management team with the capital base to pursue attractive acquisition targets in both public and private markets.

The company focuses on sectors where its sponsors and management team have deep expertise, including financial services, technology, healthcare and other growth industries.