Churchill Capital Corp IX $CCIX Shares Sold by OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Churchill Capital Corp IX (NASDAQ:CCIX) by 20.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 199,274 shares of the company’s stock after selling 50,726 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.54% of Churchill Capital Corp IX worth $2,118,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Longfellow Investment Management Co. LLC purchased a new stake in shares of Churchill Capital Corp IX during the 3rd quarter worth approximately $83,000. Mercuria Capital Strategies LLC purchased a new position in Churchill Capital Corp IX in the 4th quarter valued at approximately $93,000. FNY Investment Advisers LLC increased its stake in Churchill Capital Corp IX by 494.1% in the 3rd quarter. FNY Investment Advisers LLC now owns 14,200 shares of the company’s stock valued at $148,000 after purchasing an additional 11,810 shares in the last quarter. Lineage Point Capital LP acquired a new position in Churchill Capital Corp IX during the fourth quarter worth $360,000. Finally, Berkley W R Corp raised its holdings in Churchill Capital Corp IX by 46.2% during the third quarter. Berkley W R Corp now owns 39,976 shares of the company’s stock worth $419,000 after purchasing an additional 12,631 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Churchill Capital Corp IX in a research report on Wednesday, May 6th. Wall Street Zen upgraded Churchill Capital Corp IX from a “sell” rating to a “hold” rating in a research report on Monday, March 16th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Churchill Capital Corp IX currently has an average rating of “Sell”.

Churchill Capital Corp IX Price Performance

CCIX stock opened at $10.81 on Friday. The company’s 50 day simple moving average is $10.78 and its 200-day simple moving average is $10.69. Churchill Capital Corp IX has a 12 month low of $10.45 and a 12 month high of $11.32. The firm has a market capitalization of $396.29 million, a PE ratio of 56.90 and a beta of -0.05.

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

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.