OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 50,726 Shares of Churchill Capital Corp IX $CCIX

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Churchill Capital Corp IX (NASDAQ:CCIX) by 20.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 199,274 shares of the company’s stock after selling 50,726 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Churchill Capital Corp IX were worth $2,118,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCIX. TENOR CAPITAL MANAGEMENT Co. L.P. increased its position in Churchill Capital Corp IX by 618.8% during the 3rd quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 1,437,500 shares of the company’s stock valued at $15,065,000 after buying an additional 1,237,500 shares in the last quarter. Berkley W R Corp increased its position in Churchill Capital Corp IX by 2,241.9% during the 4th 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. Crossingbridge Advisors LLC bought a new position in Churchill Capital Corp IX during the 4th quarter valued at approximately $4,774,000. Meteora Capital LLC increased its position in Churchill Capital Corp IX by 105.7% during the 3rd 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, Verbena Value LP purchased a new stake in Churchill Capital Corp IX during the 4th quarter valued at $2,986,000.

Analyst Ratings Changes

CCIX has been the topic of several recent analyst reports. Wall Street Zen upgraded Churchill Capital Corp IX from a “sell” rating to a “hold” rating in a research note on Monday, March 16th. Weiss Ratings reiterated 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, the company has a consensus rating of “Sell”.

Churchill Capital Corp IX Price Performance

CCIX stock opened at $10.81 on Tuesday. The company has a market cap of $396.29 million, a P/E ratio of 56.90 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’s fifty day moving average price is $10.77 and its 200-day moving average price is $10.69.

Churchill Capital Corp IX (NASDAQ:CCIX) last released its earnings results 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.