Potrero Capital Research LLC acquired a new stake in shares of CONX Corp. (NASDAQ:CONX) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 450,000 shares of the company’s stock, valued at approximately $4,487,000.
Several other hedge funds also recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC purchased a new position in CONX in the 1st quarter worth approximately $105,000. Commonwealth Equity Services LLC purchased a new position in CONX in the 1st quarter worth approximately $154,000. TIG Advisors LLC purchased a new position in CONX in the 1st quarter worth approximately $154,000. Centiva Capital LP purchased a new position in CONX in the 1st quarter worth approximately $182,000. Finally, Alpine Global Management LLC purchased a new position in CONX in the 1st quarter worth approximately $219,000. 61.67% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:CONX traded down $0.03 during trading hours on Thursday, reaching $9.81. The stock had a trading volume of 33,125 shares, compared to its average volume of 93,714. CONX Corp. has a 52 week low of $9.74 and a 52 week high of $11.09. The company’s 50 day moving average price is $9.85.
CONX Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to focus its search on identifying a prospective target operating in the technology, media, and telecommunications industries, including the wireless communications industry.
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