Wolverine Asset Management LLC Sells 132,550 Shares of Cantor Equity Partners, Inc. $CEPO

Wolverine Asset Management LLC cut its holdings in Cantor Equity Partners, Inc. (NASDAQ:CEPO) by 86.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,888 shares of the company’s stock after selling 132,550 shares during the quarter. Wolverine Asset Management LLC owned 0.08% of Cantor Equity Partners worth $218,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Harraden Circle Investments LLC grew its holdings in Cantor Equity Partners by 21.8% during the 2nd quarter. Harraden Circle Investments LLC now owns 2,298,679 shares of the company’s stock valued at $27,354,000 after buying an additional 412,079 shares in the last quarter. Alberta Investment Management Corp bought a new position in shares of Cantor Equity Partners during the 2nd quarter valued at about $7,140,000. Fortress Investment Group LLC bought a new stake in Cantor Equity Partners in the second quarter worth $4,412,000. Millennium Management LLC bought a new position in shares of Cantor Equity Partners during the first quarter valued at about $4,085,000. Finally, Jane Street Group LLC bought a new stake in Cantor Equity Partners in the second quarter valued at approximately $3,859,000.

Insiders Place Their Bets

In related news, major shareholder Harraden Circle Investments, L sold 250,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $10.43, for a total value of $2,607,500.00. Following the completion of the sale, the insider owned 2,048,679 shares of the company’s stock, valued at approximately $21,367,721.97. This represents a 10.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Cantor Equity Partners Stock Down 0.1%

CEPO stock opened at $10.46 on Monday. The stock has a market cap of $266.73 million and a P/E ratio of 61.53. Cantor Equity Partners, Inc. has a twelve month low of $10.05 and a twelve month high of $16.50. The business’s 50-day moving average price is $10.43 and its 200-day moving average price is $10.72.

Cantor Equity Partners (NASDAQ:CEPO) last announced its quarterly earnings results on Friday, November 14th. The company reported $0.05 earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Cantor Equity Partners in a research report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Cantor Equity Partners Company Profile

Cantor Equity Partners, Inc is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the NASDAQ under the ticker CEPO. As a blank‐check entity, Cantor Equity Partners seeks to raise capital through an IPO and use the proceeds to effect a merger, share exchange, asset acquisition or similar business combination with one or more target companies. The company does not engage in commercial operations of its own until it completes a qualifying transaction.

The firm’s sponsor, Cantor Equity Opportunities Sponsor, LLC, is an affiliate of Cantor Fitzgerald, L.P., a well-established global financial services firm known for its capital markets, investment banking and brokerage activities.