Fortress Investment Group LLC Acquires Shares of 400,000 Cantor Equity Partners, Inc. $CEPO

by · The Markets Daily

Fortress Investment Group LLC bought a new position in shares of Cantor Equity Partners, Inc. (NASDAQ:CEPO – Free Report) in the second quarter, Holdings Channel reports. The firm bought 400,000 shares of the company’s stock, valued at approximately $4,412,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Quarry LP bought a new position in shares of Cantor Equity Partners in the 1st quarter worth $78,000. PenderFund Capital Management Ltd. bought a new position in Cantor Equity Partners during the first quarter worth about $102,000. Qube Research & Technologies Ltd acquired a new position in shares of Cantor Equity Partners during the 2nd quarter worth about $155,000. Penserra Capital Management LLC acquired a new stake in Cantor Equity Partners during the 2nd quarter worth $219,000. Finally, Pekin Hardy Strauss Inc. bought a new position in Cantor Equity Partners in the second quarter valued at approximately $232,000.

Insider Transactions at Cantor Equity Partners

In related news, major shareholder Harraden Circle Investments, L sold 250,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $10.43, for a total transaction of $2,607,500.00. Following the completion of the transaction, the insider directly owned 2,048,679 shares of the company’s stock, valued at approximately $21,367,721.97. This represents a 10.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Cantor Equity Partners in a report on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Get Our Latest Stock Analysis on Cantor Equity Partners

Cantor Equity Partners Trading Up 0.1%

Cantor Equity Partners stock opened at $10.55 on Friday. Cantor Equity Partners, Inc. has a 1-year low of $10.04 and a 1-year high of $16.50. The company has a fifty day simple moving average of $10.46 and a 200 day simple moving average of $11.04. The company has a market cap of $269.03 million and a P/E ratio of 62.06.

Cantor Equity Partners (NASDAQ:CEPO – Get Free Report) last issued its quarterly earnings results on Friday, November 14th. The company reported $0.05 EPS for the quarter.

About Cantor Equity Partners

(Free Report)

Cantor Equity Partners I, Inc is a blank check company. It was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on November 11, 2020 and is headquartered in New York, NY.

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