BCK Capital Management LP Has $4.04 Million Stock Holdings in Churchill Capital Corp IX $CCIX

BCK Capital Management LP boosted its holdings in Churchill Capital Corp IX (NASDAQ:CCIX) by 177.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 380,000 shares of the company’s stock after purchasing an additional 243,115 shares during the period. Churchill Capital Corp IX comprises about 17.8% of BCK Capital Management LP’s portfolio, making the stock its 3rd largest holding. BCK Capital Management LP owned 1.04% of Churchill Capital Corp IX worth $4,039,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Longfellow Investment Management Co. LLC bought a new position in Churchill Capital Corp IX in the third quarter valued at $83,000. FNY Investment Advisers LLC lifted its stake in Churchill Capital Corp IX by 494.1% in the third quarter. FNY Investment Advisers LLC now owns 14,200 shares of the company’s stock valued at $148,000 after acquiring an additional 11,810 shares during the last quarter. Berkley W R Corp lifted its stake in Churchill Capital Corp IX by 46.2% in the third quarter. Berkley W R Corp now owns 39,976 shares of the company’s stock valued at $419,000 after acquiring an additional 12,631 shares during the last quarter. Sandia Investment Management LP acquired a new stake in Churchill Capital Corp IX in the second quarter valued at $473,000. Finally, JPMorgan Chase & Co. acquired a new stake in Churchill Capital Corp IX in the second quarter valued at $522,000.

Churchill Capital Corp IX Stock Down 0.1%

Shares of Churchill Capital Corp IX stock opened at $10.80 on Friday. Churchill Capital Corp IX has a twelve month low of $10.45 and a twelve month high of $11.32. The company has a 50-day simple moving average of $10.76 and a two-hundred day simple moving average of $10.68. The stock has a market capitalization of $395.95 million, a price-to-earnings ratio of 56.85 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 for the quarter.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Churchill Capital Corp IX from a “sell” rating to a “hold” rating in a research note on Monday, March 16th. Weiss Ratings restated a “sell (d+)” rating on shares of Churchill Capital Corp IX in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

About Churchill Capital Corp IX

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.