SkyView Investment Advisors LLC Invests $1.56 Million in Gores Holdings X, Inc. / CI $GTEN

SkyView Investment Advisors LLC acquired a new position in shares of Gores Holdings X, Inc. / CI (NASDAQ:GTEN) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 150,000 shares of the company’s stock, valued at approximately $1,565,000. Gores Holdings X, Inc. / CI makes up approximately 1.3% of SkyView Investment Advisors LLC’s holdings, making the stock its 23rd largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harraden Circle Investments LLC acquired a new position in Gores Holdings X, Inc. / CI during the 2nd quarter worth approximately $657,000. Lineage Point Capital LP raised its holdings in shares of Gores Holdings X, Inc. / CI by 5.9% in the second quarter. Lineage Point Capital LP now owns 270,329 shares of the company’s stock valued at $2,820,000 after purchasing an additional 15,000 shares during the last quarter. Sona Asset Management US LLC acquired a new stake in shares of Gores Holdings X, Inc. / CI in the first quarter valued at approximately $1,631,000. DLD Asset Management LP raised its holdings in shares of Gores Holdings X, Inc. / CI by 6.5% in the first quarter. DLD Asset Management LP now owns 165,559 shares of the company’s stock valued at $1,695,000 after purchasing an additional 10,058 shares during the last quarter. Finally, Governors Lane LP lifted its position in shares of Gores Holdings X, Inc. / CI by 91.2% in the fourth quarter. Governors Lane LP now owns 672,658 shares of the company’s stock worth $6,895,000 after purchasing an additional 320,858 shares in the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Gores Holdings X, Inc. / CI from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Gores Holdings X, Inc. / CI currently has an average rating of “Sell”.

Gores Holdings X, Inc. / CI Stock Performance

NASDAQ:GTEN opened at $10.52 on Tuesday. The stock’s 50-day simple moving average is $10.55 and its 200 day simple moving average is $10.41. The company has a market cap of $474.37 million, a P/E ratio of 75.17 and a beta of 0.11. Gores Holdings X, Inc. / CI has a 52-week low of $10.16 and a 52-week high of $10.99.

About Gores Holdings X, Inc. / CI

Gores Holdings X, Inc is a special purpose acquisition company (SPAC) formed to identify and combine with one or more businesses through a merger, stock purchase, or similar transaction. Unlike an operating company, it does not have an established line of products or services and generally has no commercial operations before completing a business combination.

The company was sponsored by an affiliate of The Gores Group, an investment firm founded by Alec Gores. Its acquisition strategy was not limited to a specific industry or geography, allowing it to evaluate potential targets in a range of sectors and markets.