Periscope Capital Inc. Sells 100,000 Shares of Churchill Capital Corp IX $CCIX

Periscope Capital Inc. lowered its stake in Churchill Capital Corp IX (NASDAQ:CCIX) by 36.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 175,000 shares of the company’s stock after selling 100,000 shares during the period. Periscope Capital Inc.’s holdings in Churchill Capital Corp IX were worth $1,860,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CCIX. Longfellow Investment Management Co. LLC purchased a new position in Churchill Capital Corp IX during the third quarter valued at $83,000. FNY Investment Advisers LLC lifted its position in Churchill Capital Corp IX by 494.1% during the third quarter. FNY Investment Advisers LLC now owns 14,200 shares of the company’s stock valued at $148,000 after buying an additional 11,810 shares during the period. Berkley W R Corp lifted its position 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 valued at $419,000 after buying an additional 12,631 shares during the period. Sandia Investment Management LP purchased a new position in Churchill Capital Corp IX during the second quarter valued at $473,000. Finally, JPMorgan Chase & Co. purchased a new position in Churchill Capital Corp IX during the second quarter valued at $522,000.

Churchill Capital Corp IX Stock Performance

Shares of NASDAQ:CCIX opened at $10.81 on Friday. Churchill Capital Corp IX has a fifty-two week low of $10.45 and a fifty-two week high of $11.40. The business has a 50-day simple moving average of $10.75 and a two-hundred day simple moving average of $10.68. The firm has a market cap of $396.29 million, a price-to-earnings ratio of 56.90 and a beta of -0.05.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on CCIX. Wall Street Zen raised Churchill Capital Corp IX from a “sell” rating to a “hold” rating in a research report on Monday, March 16th. Weiss Ratings reissued a “sell (d+)” rating on shares of Churchill Capital Corp IX in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

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.