OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Position in Churchill Capital Corp IX $CCIX

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Churchill Capital Corp IX (NASDAQ:CCIX) by 20.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 199,274 shares of the company’s stock after selling 50,726 shares during the quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.54% of Churchill Capital Corp IX worth $2,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Verition Fund Management LLC boosted its holdings in Churchill Capital Corp IX by 9.5% during the 4th quarter. Verition Fund Management LLC now owns 272,020 shares of the company’s stock valued at $2,892,000 after acquiring an additional 23,651 shares during the period. Berkley W R Corp boosted its holdings 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 acquiring an additional 896,205 shares during the period. Crossingbridge Advisors LLC purchased a new stake in Churchill Capital Corp IX during the 4th quarter valued at about $4,774,000. Verbena Value LP purchased a new stake in Churchill Capital Corp IX during the 4th quarter valued at about $2,986,000. Finally, Mercuria Capital Strategies LLC purchased a new stake in Churchill Capital Corp IX during the 4th quarter valued at about $93,000.

Churchill Capital Corp IX Stock Performance

Shares of NASDAQ:CCIX opened at $10.81 on Tuesday. Churchill Capital Corp IX has a 52-week low of $10.45 and a 52-week high of $11.32. The firm has a market capitalization of $396.29 million, a P/E ratio of 56.90 and a beta of -0.05. The stock has a 50 day moving average price of $10.77 and a 200-day moving average price of $10.69.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CCIX shares. Weiss Ratings restated a “sell (d+)” rating on shares of Churchill Capital Corp IX in a report on Wednesday, May 6th. Wall Street Zen upgraded Churchill Capital Corp IX from a “sell” rating to a “hold” rating in a report on Monday, March 16th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

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.