Berkley W R Corp Has $19.34 Million Stock Position in Churchill Capital Corp IX $CCIX

Berkley W R Corp boosted its stake in shares of Churchill Capital Corp IX (NASDAQ:CCIX) by 93.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,810,437 shares of the company’s stock after buying an additional 874,256 shares during the quarter. Churchill Capital Corp IX makes up 1.0% of Berkley W R Corp’s holdings, making the stock its 13th largest holding. Berkley W R Corp’s holdings in Churchill Capital Corp IX were worth $19,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of CCIX. Lineage Point Capital LP acquired a new position in shares of Churchill Capital Corp IX during the fourth quarter valued at about $360,000. TENOR CAPITAL MANAGEMENT Co. L.P. grew its position in Churchill Capital Corp IX by 88.0% during the fourth quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 2,702,188 shares of the company’s stock worth $28,724,000 after buying an additional 1,264,688 shares in the last quarter. Meteora Capital LLC grew its position in Churchill Capital Corp IX by 42.2% during the fourth quarter. Meteora Capital LLC now owns 949,652 shares of the company’s stock worth $10,095,000 after buying an additional 281,628 shares in the last quarter. Radcliffe Capital Management L.P. increased its stake in Churchill Capital Corp IX by 12.2% during the fourth quarter. Radcliffe Capital Management L.P. now owns 152,581 shares of the company’s stock valued at $1,622,000 after acquiring an additional 16,596 shares during the period. Finally, Verition Fund Management LLC increased its stake in Churchill Capital Corp IX by 9.5% during the fourth quarter. Verition Fund Management LLC now owns 272,020 shares of the company’s stock valued at $2,892,000 after acquiring an additional 23,651 shares during the period.

Churchill Capital Corp IX Stock Performance

Shares of CCIX opened at $10.88 on Monday. The stock has a market cap of $398.86 million, a PE ratio of 57.27 and a beta of -0.05. Churchill Capital Corp IX has a 1 year low of $10.45 and a 1 year high of $11.32. The stock has a 50 day simple moving average of $10.84 and a 200-day simple moving average of $10.74.

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

Analysts Set New Price Targets

A number of brokerages have commented on CCIX. Wall Street Zen upgraded Churchill Capital Corp IX to a “sell” rating in a research report on Sunday, July 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Churchill Capital Corp IX in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Churchill Capital Corp IX presently has an average rating of “Sell”.

Churchill Capital Corp IX Company 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.