Cantor Equity Partners II (NASDAQ:CEPT) Rating Increased to Sell at Wall Street Zen

Cantor Equity Partners II (NASDAQ:CEPT) was upgraded by Wall Street Zen to a “sell” rating in a research report issued on Saturday.

CEPT has been the subject of a number of other reports. Weiss Ratings raised Cantor Equity Partners II from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Benchmark began coverage on Cantor Equity Partners II in a research report on Tuesday, March 31st. They issued a “buy” rating and a $16.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $16.00.

Cantor Equity Partners II Price Performance

Shares of CEPT opened at $11.78 on Friday. The stock has a market cap of $360.23 million, a PE ratio of -107.09 and a beta of 0.90. Cantor Equity Partners II has a 12-month low of $9.74 and a 12-month high of $14.05. The business has a 50-day simple moving average of $12.05 and a two-hundred day simple moving average of $11.58.

Cantor Equity Partners II (NASDAQ:CEPT) last posted its earnings results on Friday, May 8th. The company reported $0.08 EPS for the quarter. The firm had revenue of $3.88 million for the quarter.

Institutional Investors Weigh In On Cantor Equity Partners II

Hedge funds have recently modified their holdings of the stock. Harraden Circle Investments LLC grew its holdings in Cantor Equity Partners II by 10.7% during the third quarter. Harraden Circle Investments LLC now owns 2,440,394 shares of the company’s stock valued at $25,649,000 after purchasing an additional 236,050 shares during the period. FNY Investment Advisers LLC raised its stake in shares of Cantor Equity Partners II by 518.7% in the fourth quarter. FNY Investment Advisers LLC now owns 193,852 shares of the company’s stock valued at $2,182,000 after buying an additional 162,520 shares during the period. DLD Asset Management LP raised its stake in shares of Cantor Equity Partners II by 44.3% in the third quarter. DLD Asset Management LP now owns 169,822 shares of the company’s stock valued at $1,785,000 after buying an additional 52,120 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in shares of Cantor Equity Partners II by 239.4% during the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 96,400 shares of the company’s stock valued at $991,000 after buying an additional 68,000 shares during the last quarter. Finally, Highbridge Capital Management LLC purchased a new position in shares of Cantor Equity Partners II during the 4th quarter valued at $14,885,000.

About Cantor Equity Partners II

Cantor Equity Partners II (NASDAQ: CEPT) is a closed-end management investment company that focuses on providing customized capital solutions to private, middle-market companies in the United States. Listed on the Nasdaq, CEPT seeks to deliver attractive risk-adjusted returns by investing across a spectrum of debt and equity instruments. Its portfolio may include senior secured loans, subordinated and mezzanine debt, preferred equity, and common equity, allowing it to tailor financing structures to meet the specific growth, acquisition or recapitalization needs of its portfolio companies.

As a business development company registered under the Investment Company Act of 1940, CEPT targets U.S.