Cantor Equity Partners, Inc. $CEPO Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC decreased its holdings in Cantor Equity Partners, Inc. (NASDAQ:CEPO) by 86.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 20,888 shares of the company’s stock after selling 132,550 shares during the period. Wolverine Asset Management LLC’s holdings in Cantor Equity Partners were worth $218,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Millennium Management LLC acquired a new position in Cantor Equity Partners in the first quarter worth approximately $4,085,000. Patriot Financial Group Insurance Agency LLC acquired a new position in Cantor Equity Partners in the second quarter valued at approximately $515,000. Cannon Global Investment Management LLC acquired a new position in shares of Cantor Equity Partners during the second quarter worth about $657,000. Wealthspring Capital LLC lifted its stake in Cantor Equity Partners by 626.0% in the second quarter. Wealthspring Capital LLC now owns 302,980 shares of the company’s stock valued at $3,605,000 after acquiring an additional 261,250 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. bought a new stake in Cantor Equity Partners in the 2nd quarter valued at about $232,000.

Insider Activity at Cantor Equity Partners

In other Cantor Equity Partners news, major shareholder Harraden Circle Investments, L sold 250,000 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $10.43, for a total transaction of $2,607,500.00. Following the completion of the sale, the insider owned 2,048,679 shares in the company, valued at $21,367,721.97. This represents a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Cantor Equity Partners Stock Performance

Shares of CEPO stock opened at $10.46 on Monday. The company’s 50-day moving average is $10.43 and its 200 day moving average is $10.72. Cantor Equity Partners, Inc. has a one year low of $10.05 and a one year high of $16.50. The company has a market capitalization of $266.73 million and a price-to-earnings ratio of 61.53.

Cantor Equity Partners (NASDAQ:CEPO) last announced its earnings results on Friday, November 14th. The company reported $0.05 EPS for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cantor Equity Partners in a research note on Friday, January 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Cantor Equity Partners has an average rating of “Sell”.

Cantor Equity Partners Profile

Cantor Equity Partners, Inc is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the NASDAQ under the ticker CEPO. As a blank‐check entity, Cantor Equity Partners seeks to raise capital through an IPO and use the proceeds to effect a merger, share exchange, asset acquisition or similar business combination with one or more target companies. The company does not engage in commercial operations of its own until it completes a qualifying transaction.

The firm’s sponsor, Cantor Equity Opportunities Sponsor, LLC, is an affiliate of Cantor Fitzgerald, L.P., a well-established global financial services firm known for its capital markets, investment banking and brokerage activities.