Churchill Capital Corp IX (NASDAQ:CCIX) Announces Earnings Results

by · The Cerbat Gem

Churchill Capital Corp IX (NASDAQ:CCIX – Get Free Report) announced its earnings results on Friday. The company reported $0.04 earnings per share (EPS) for the quarter, Zacks reports.

Churchill Capital Corp IX Trading Up 0.1%

NASDAQ CCIX traded up $0.01 during midday trading on Friday, hitting $10.78. The company had a trading volume of 1,966 shares, compared to its average volume of 369,167. The company has a market capitalization of $395.19 million, a PE ratio of 49.00 and a beta of -0.05. The firm has a 50-day moving average price of $10.72 and a 200-day moving average price of $10.67. Churchill Capital Corp IX has a twelve month low of $10.45 and a twelve month high of $11.66.

Hedge Funds Weigh In On Churchill Capital Corp IX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fort Baker Capital Management LP raised its holdings in shares of Churchill Capital Corp IX by 10.6% during the 3rd quarter. Fort Baker Capital Management LP now owns 2,833,119 shares of the company’s stock worth $29,691,000 after buying an additional 270,441 shares in the last quarter. TENOR CAPITAL MANAGEMENT Co. L.P. raised its holdings in shares of Churchill Capital Corp IX by 88.0% during the 4th quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 2,702,188 shares of the company’s stock worth $28,724,000 after buying an additional 1,264,688 shares in the last quarter. Meteora Capital LLC raised its holdings 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 worth $10,095,000 after buying an additional 281,628 shares in the last quarter. Berkley W R Corp raised its holdings in shares of Churchill Capital Corp IX by 2,241.9% during the 4th quarter. Berkley W R Corp now owns 936,181 shares of the company’s stock worth $9,952,000 after buying an additional 896,205 shares in the last quarter. Finally, Crossingbridge Advisors LLC acquired a new position in shares of Churchill Capital Corp IX during the 4th quarter worth $4,774,000.

Analyst Ratings Changes

CCIX has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Churchill Capital Corp IX in a report on Wednesday, May 6th. Wall Street Zen upgraded Churchill Capital Corp IX from a “sell” rating to a “hold” rating in a report on Monday, March 16th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Churchill Capital Corp IX currently has a consensus rating of “Sell”.

Read Our Latest Stock Report on Churchill Capital Corp IX

About Churchill Capital Corp IX

(Get Free Report)

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.

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