Churchill Capital Corp IX (NASDAQ:CCIX) Issues Earnings Results

Churchill Capital Corp IX (NASDAQ:CCIX) announced its quarterly earnings results on Friday. The company reported $0.04 EPS for the quarter, Zacks reports.

Churchill Capital Corp IX Stock Performance

Shares of NASDAQ CCIX opened at $10.78 on Friday. The business’s 50 day moving average price is $10.72 and its 200-day moving average price is $10.67. Churchill Capital Corp IX has a fifty-two week low of $10.45 and a fifty-two week high of $11.66. The company has a market cap of $395.19 million, a price-to-earnings ratio of 56.74 and a beta of -0.05.

Wall Street Analysts Forecast Growth

CCIX has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Churchill Capital Corp IX in a research note on Wednesday, May 6th. Wall Street Zen raised Churchill Capital Corp IX from a “sell” rating to a “hold” rating in a research note on Monday, March 16th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Churchill Capital Corp IX has an average rating of “Sell”.

Institutional Investors Weigh In On Churchill Capital Corp IX

Several hedge funds and other institutional investors have recently modified their holdings of the business. Fort Baker Capital Management LP increased its holdings in Churchill Capital Corp IX by 10.6% during the 3rd quarter. Fort Baker Capital Management LP now owns 2,833,119 shares of the company’s stock worth $29,691,000 after purchasing an additional 270,441 shares during the period. TENOR CAPITAL MANAGEMENT Co. L.P. grew its stake in Churchill Capital Corp IX by 88.0% during the 4th quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 2,702,188 shares of the company’s stock worth $28,724,000 after buying an additional 1,264,688 shares during the last quarter. Meteora Capital LLC grew its stake in Churchill Capital Corp IX by 42.2% during the 4th quarter. Meteora Capital LLC now owns 949,652 shares of the company’s stock worth $10,095,000 after buying an additional 281,628 shares during the last quarter. Berkley W R Corp grew its stake 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 worth $9,952,000 after buying an additional 896,205 shares during the last quarter. Finally, Crossingbridge Advisors LLC purchased a new position in Churchill Capital Corp IX during the 4th quarter worth $4,774,000.

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.