Cantor Equity Partners III (NASDAQ:CAEP) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Cantor Equity Partners III (NASDAQ:CAEP) from a hold rating to a sell rating in a report published on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cantor Equity Partners III in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Cantor Equity Partners III Stock Performance

CAEP stock opened at $10.27 on Friday. The firm has a 50 day simple moving average of $10.24 and a 200 day simple moving average of $10.31. Cantor Equity Partners III has a 52 week low of $10.17 and a 52 week high of $11.09.

Cantor Equity Partners III (NASDAQ:CAEP) last released its quarterly earnings data on Monday, March 16th. The company reported $0.01 earnings per share for the quarter.

Hedge Funds Weigh In On Cantor Equity Partners III

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harraden Circle Investments LLC acquired a new stake in Cantor Equity Partners III in the second quarter valued at approximately $14,411,000. Meteora Capital LLC raised its holdings in shares of Cantor Equity Partners III by 91.7% during the 4th quarter. Meteora Capital LLC now owns 2,783,768 shares of the company’s stock valued at $28,394,000 after purchasing an additional 1,331,485 shares in the last quarter. First Trust Capital Management L.P. raised its holdings in shares of Cantor Equity Partners III by 1,113.6% during the 4th quarter. First Trust Capital Management L.P. now owns 1,213,649 shares of the company’s stock valued at $12,379,000 after purchasing an additional 1,113,649 shares in the last quarter. Toronto Dominion Bank lifted its stake in shares of Cantor Equity Partners III by 100.7% in the 4th quarter. Toronto Dominion Bank now owns 2,014,227 shares of the company’s stock valued at $20,545,000 after purchasing an additional 1,010,395 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Cantor Equity Partners III in the 2nd quarter valued at $10,569,000.

Cantor Equity Partners III Company Profile

Cantor Equity Partners III (NASDAQ: CAEP) is a special purpose acquisition company sponsored by Cantor Fitzgerald, a leading global financial services firm headquartered in New York City. Formed through an initial public offering in 2021, the company’s sole purpose is to identify, negotiate and complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Cantor Equity Partners III provides its management team with the capital base to pursue attractive acquisition targets in both public and private markets.

The company focuses on sectors where its sponsors and management team have deep expertise, including financial services, technology, healthcare and other growth industries.