Moore Capital Management LP Takes Position in Coincheck Group NV. (NASDAQ:CNCK)

Moore Capital Management LP acquired a new stake in Coincheck Group NV. (NASDAQ:CNCK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 30,000 shares of the company’s stock, valued at approximately $267,000. Moore Capital Management LP owned approximately 0.32% of Coincheck Group at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Jane Street Group LLC acquired a new stake in shares of Coincheck Group in the fourth quarter valued at $134,000. Geode Capital Management LLC acquired a new stake in shares of Coincheck Group in the fourth quarter valued at $137,000. Balyasny Asset Management L.P. acquired a new stake in shares of Coincheck Group in the fourth quarter valued at $362,000. JPMorgan Chase & Co. acquired a new stake in shares of Coincheck Group in the fourth quarter valued at $533,000. Finally, Wellington Management Group LLP acquired a new position in Coincheck Group during the 4th quarter worth $911,000. 33.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Cantor Fitzgerald assumed coverage on Coincheck Group in a research note on Wednesday, February 19th. They set an “overweight” rating and a $10.00 target price for the company.

Coincheck Group Stock Down 10.0%

CNCK opened at $7.67 on Wednesday. Coincheck Group NV. has a 12 month low of $4.22 and a 12 month high of $14.42. The business’s fifty day moving average is $6.27.

Coincheck Group Profile

Coincheck Group NV. is a Dutch public limited liability company and a holding company of Coincheck, Inc which operates one of the largest multi-cryptocurrency marketplaces and crypto asset exchanges in Japan and is regulated by the Financial Services Agency of Japan. The company was founded on February 18, 2022 and is headquartered in Amsterdam, Netherland.