DLD Asset Management LP Has $2.15 Million Position in Churchill Capital Corp IX $CCIX

DLD Asset Management LP cut its holdings in shares of Churchill Capital Corp IX (NASDAQ:CCIX) by 23.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 200,862 shares of the company’s stock after selling 60,000 shares during the period. DLD Asset Management LP owned about 0.55% of Churchill Capital Corp IX worth $2,145,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mercuria Capital Strategies LLC acquired a new position in Churchill Capital Corp IX in the 4th quarter valued at approximately $93,000. Radcliffe Capital Management L.P. lifted its holdings in shares of 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 worth $1,622,000 after purchasing an additional 16,596 shares during the period. Verition Fund Management LLC lifted its holdings in shares of 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 worth $2,892,000 after purchasing an additional 23,651 shares during the period. Lineage Point Capital LP bought a new stake in shares of Churchill Capital Corp IX in the fourth quarter worth $360,000. Finally, FNY Investment Advisers LLC grew its stake in shares of Churchill Capital Corp IX by 301.0% in the fourth quarter. FNY Investment Advisers LLC now owns 56,940 shares of the company’s stock worth $605,000 after purchasing an additional 42,740 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts recently issued reports on CCIX shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Churchill Capital Corp IX in a research report on Wednesday, May 6th. Wall Street Zen raised Churchill Capital Corp IX to a “sell” rating in a research note on Sunday, July 12th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Churchill Capital Corp IX Price Performance

CCIX opened at $10.87 on Thursday. Churchill Capital Corp IX has a twelve month low of $10.45 and a twelve month high of $11.32. The company has a fifty day moving average of $10.84 and a 200-day moving average of $10.74. The stock has a market cap of $398.49 million, a PE ratio of 57.21 and a beta of -0.05.

Churchill Capital Corp IX (NASDAQ:CCIX) last released its earnings results on Friday, May 15th. The company reported $0.04 earnings per share (EPS) 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.