Sona Asset Management US LLC Acquires Shares of 159,265 Gores Holdings X, Inc. / CI $GTEN

Sona Asset Management US LLC acquired a new position in shares of Gores Holdings X, Inc. / CI (NASDAQ:GTEN) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 159,265 shares of the company’s stock, valued at approximately $1,631,000. Sona Asset Management US LLC owned about 0.35% of Gores Holdings X, Inc. / CI as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Harraden Circle Investments LLC purchased a new stake in shares of Gores Holdings X, Inc. / CI in the 4th quarter valued at about $5,556,000. Quarry LP boosted its position in shares of Gores Holdings X, Inc. / CI by 23.0% in the 4th quarter. Quarry LP now owns 61,632 shares of the company’s stock valued at $632,000 after purchasing an additional 11,506 shares during the period. DLD Asset Management LP purchased a new position in Gores Holdings X, Inc. / CI during the 4th quarter worth approximately $1,594,000. Westchester Capital Management LLC purchased a new position in Gores Holdings X, Inc. / CI during the 4th quarter worth approximately $5,300,000. Finally, Verition Fund Management LLC increased its position in Gores Holdings X, Inc. / CI by 9.8% during the fourth quarter. Verition Fund Management LLC now owns 779,270 shares of the company’s stock worth $8,019,000 after buying an additional 69,271 shares during the period.

Gores Holdings X, Inc. / CI Price Performance

Shares of Gores Holdings X, Inc. / CI stock opened at $10.51 on Monday. The stock has a market cap of $473.97 million and a P/E ratio of 75.10. Gores Holdings X, Inc. / CI has a 1 year low of $10.12 and a 1 year high of $10.60. The stock’s fifty day simple moving average is $10.43.

Gores Holdings X, Inc. / CI (NASDAQ:GTEN) last announced its earnings results on Saturday, March 28th. The company reported $0.32 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Gores Holdings X, Inc. / CI in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Gores Holdings X, Inc. / CI Profile

Gores Holdings X, Inc (NASDAQ: GTEN) is a special purpose acquisition company (SPAC) formed to effect a business combination with one or more operating businesses. As a blank‑check company, GTEN’s principal activity is to identify, evaluate and complete a merger, asset acquisition, stock purchase, reorganization or similar business combination that would result in a publicly traded combined company.

Prior to completing a business combination, Gores Holdings X does not operate commercial businesses; its operations typically consist of raising capital through an initial public offering, maintaining funds in a trust account, and conducting diligence and negotiations with potential targets.