Clear Street Group Inc. Trims Stake in Churchill Capital Corp IX $CCIX

Clear Street Group Inc. lowered its holdings in Churchill Capital Corp IX (NASDAQ:CCIX) by 42.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,067 shares of the company’s stock after selling 105,800 shares during the quarter. Clear Street Group Inc. owned 0.39% of Churchill Capital Corp IX worth $1,531,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Fort Baker Capital Management LP raised its position in Churchill Capital Corp IX by 10.6% in the third quarter. Fort Baker Capital Management LP now owns 2,833,119 shares of the company’s stock valued at $29,691,000 after purchasing an additional 270,441 shares during the period. TENOR CAPITAL MANAGEMENT Co. L.P. raised its position in Churchill Capital Corp IX by 618.8% in the third quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 1,437,500 shares of the company’s stock valued at $15,065,000 after purchasing an additional 1,237,500 shares during the period. Berkley W R Corp grew its stake in shares of Churchill Capital Corp IX by 2,241.9% in the fourth quarter. Berkley W R Corp now owns 936,181 shares of the company’s stock valued at $9,952,000 after buying an additional 896,205 shares in the last quarter. Meteora Capital LLC grew its stake in shares of Churchill Capital Corp IX by 105.7% in the third quarter. Meteora Capital LLC now owns 668,024 shares of the company’s stock valued at $7,001,000 after buying an additional 343,339 shares in the last quarter. Finally, Crossingbridge Advisors LLC acquired a new stake in shares of Churchill Capital Corp IX in the fourth quarter valued at $4,774,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wall Street Zen raised Churchill Capital Corp IX from a “sell” rating to a “hold” rating in a research note on Monday, March 16th. Weiss Ratings reaffirmed 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.com, the company has an average rating of “Sell”.

Churchill Capital Corp IX Stock Performance

Shares of NASDAQ CCIX opened at $10.81 on Monday. Churchill Capital Corp IX has a twelve month low of $10.45 and a twelve month high of $11.32. The stock has a fifty day simple moving average of $10.77 and a 200-day simple moving average of $10.69. The stock has a market capitalization of $396.32 million, a PE ratio of 56.90 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.

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.