Cantor Equity Partners II Inc. $CEPT Stake Reduced by Context Capital Management LLC

Context Capital Management LLC cut its stake in Cantor Equity Partners II Inc. (NASDAQ:CEPT) by 48.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 79,964 shares of the company’s stock after selling 75,566 shares during the period. Context Capital Management LLC’s holdings in Cantor Equity Partners II were worth $871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. boosted its holdings in shares of Cantor Equity Partners II by 57.4% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,763,546 shares of the company’s stock valued at $19,858,000 after acquiring an additional 642,845 shares during the period. Highbridge Capital Management LLC acquired a new stake in shares of Cantor Equity Partners II in the 4th quarter worth about $14,885,000. Meteora Capital LLC lifted its position in Cantor Equity Partners II by 15.8% in the 3rd quarter. Meteora Capital LLC now owns 1,289,164 shares of the company’s stock valued at $13,549,000 after purchasing an additional 176,079 shares during the last quarter. Jane Street Group LLC bought a new stake in Cantor Equity Partners II in the 2nd quarter valued at about $7,682,000. Finally, Toronto Dominion Bank boosted its stake in Cantor Equity Partners II by 28.6% during the 4th quarter. Toronto Dominion Bank now owns 625,000 shares of the company’s stock valued at $7,038,000 after purchasing an additional 139,123 shares during the period.

Cantor Equity Partners II Price Performance

Shares of NASDAQ CEPT opened at $11.78 on Monday. The stock has a market cap of $360.23 million, a P/E ratio of -107.09 and a beta of 0.90. The firm’s 50-day simple moving average is $12.11 and its 200 day simple moving average is $11.64. Cantor Equity Partners II Inc. has a fifty-two week low of $9.74 and a fifty-two week high of $14.05.

Cantor Equity Partners II (NASDAQ:CEPT) last announced its earnings results on Friday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $3.88 million during the quarter.

Wall Street Analyst Weigh In

Several research firms have commented on CEPT. Weiss Ratings upgraded shares of Cantor Equity Partners II from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Wall Street Zen upgraded Cantor Equity Partners II to a “sell” rating in a research report on Saturday, July 4th. Finally, Benchmark initiated coverage on Cantor Equity Partners II in a research report on Tuesday, March 31st. They issued a “buy” rating and a $16.00 target price on the stock. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Cantor Equity Partners II currently has a consensus rating of “Hold” and a consensus target price of $16.00.

About Cantor Equity Partners II

Cantor Equity Partners II (NASDAQ: CEPT) is a closed-end management investment company that focuses on providing customized capital solutions to private, middle-market companies in the United States. Listed on the Nasdaq, CEPT seeks to deliver attractive risk-adjusted returns by investing across a spectrum of debt and equity instruments. Its portfolio may include senior secured loans, subordinated and mezzanine debt, preferred equity, and common equity, allowing it to tailor financing structures to meet the specific growth, acquisition or recapitalization needs of its portfolio companies.

As a business development company registered under the Investment Company Act of 1940, CEPT targets U.S.