Cantor Equity Partners (NASDAQ:CEP) Releases Earnings Results

Cantor Equity Partners (NASDAQ:CEP) issued its quarterly earnings results on Friday. The company reported $0.16 earnings per share (EPS) for the quarter, FiscalAI reports.

Cantor Equity Partners Trading Down 9.0%

Cantor Equity Partners stock traded down $1.47 during mid-day trading on Friday, hitting $14.88. The company had a trading volume of 382,661 shares, compared to its average volume of 210,898. Cantor Equity Partners has a 12 month low of $10.20 and a 12 month high of $59.75. The company has a market capitalization of $190.46 million, a PE ratio of 148.80 and a beta of -5.69. The stock’s 50 day moving average price is $19.98 and its two-hundred day moving average price is $27.99.

Hedge Funds Weigh In On Cantor Equity Partners

A number of hedge funds have recently bought and sold shares of CEP. Jane Street Group LLC purchased a new stake in Cantor Equity Partners during the 2nd quarter valued at about $5,815,000. K2 Principal Fund L.P. bought a new position in shares of Cantor Equity Partners in the first quarter worth approximately $843,000. Telligent Fund LP purchased a new stake in shares of Cantor Equity Partners during the second quarter valued at approximately $834,000. Osaic Holdings Inc. purchased a new stake in shares of Cantor Equity Partners during the second quarter valued at approximately $452,000. Finally, IMC Chicago LLC grew its holdings in shares of Cantor Equity Partners by 302.0% during the third quarter. IMC Chicago LLC now owns 14,165 shares of the company’s stock valued at $317,000 after buying an additional 10,641 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Cantor Equity Partners in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Cantor Equity Partners has an average rating of “Sell”.

Cantor Equity Partners Company Profile

Cantor Equity Partners, Inc is a blank check company, which engages in the purpose of effecting a merger, capital stock exchange, asset acquisition, stock 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.