DLD Asset Management LP Sells 60,000 Shares of Churchill Capital Corp IX $CCIX

DLD Asset Management LP cut its holdings in Churchill Capital Corp IX (NASDAQ:CCIX) by 23.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 200,862 shares of the company’s stock after selling 60,000 shares during the quarter. DLD Asset Management LP’s holdings in Churchill Capital Corp IX were worth $2,145,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lineage Point Capital LP acquired a new stake in shares of Churchill Capital Corp IX during the 4th quarter worth approximately $360,000. TENOR CAPITAL MANAGEMENT Co. L.P. increased its stake in shares of Churchill Capital Corp IX by 88.0% in the 4th quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 2,702,188 shares of the company’s stock valued at $28,724,000 after acquiring an additional 1,264,688 shares in the last quarter. Meteora Capital LLC lifted its position in shares of Churchill Capital Corp IX by 42.2% during the 4th quarter. Meteora Capital LLC now owns 949,652 shares of the company’s stock valued at $10,095,000 after acquiring an additional 281,628 shares during the period. Radcliffe Capital Management L.P. lifted its position in shares of Churchill Capital Corp IX by 12.2% during the 4th quarter. Radcliffe Capital Management L.P. now owns 152,581 shares of the company’s stock valued at $1,622,000 after acquiring an additional 16,596 shares during the period. Finally, Verition Fund Management LLC boosted its stake in Churchill Capital Corp IX by 9.5% during the fourth quarter. Verition Fund Management LLC now owns 272,020 shares of the company’s stock worth $2,892,000 after acquiring an additional 23,651 shares in the last quarter.

Churchill Capital Corp IX Stock Performance

CCIX stock opened at $10.87 on Thursday. The company has a market capitalization of $398.49 million, a P/E ratio of 57.21 and a beta of -0.05. Churchill Capital Corp IX has a 52-week low of $10.45 and a 52-week high of $11.32. The business has a 50-day simple moving average of $10.84 and a two-hundred day simple moving average of $10.74.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CCIX shares. Wall Street Zen upgraded shares of Churchill Capital Corp IX to a “sell” rating in a report on Sunday, July 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Churchill Capital Corp IX in a report on Wednesday, May 6th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Churchill Capital Corp IX 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.