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

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

Churchill Capital Corp IX Price Performance

NASDAQ CCIX opened at $10.78 on Friday. The firm has a market capitalization of $395.19 million, a price-to-earnings ratio of 49.00 and a beta of -0.05. The company’s fifty day moving average is $10.72 and its two-hundred day moving average is $10.67. Churchill Capital Corp IX has a 52-week low of $10.45 and a 52-week high of $11.66.

Institutional Trading of Churchill Capital Corp IX

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fort Baker Capital Management LP grew its position in Churchill Capital Corp IX by 10.6% in 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 last quarter. TENOR CAPITAL MANAGEMENT Co. L.P. grew its position in Churchill Capital Corp IX by 88.0% in 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 purchasing an additional 1,264,688 shares during the last quarter. Meteora Capital LLC grew its position in Churchill Capital Corp IX by 42.2% in the 4th quarter. Meteora Capital LLC now owns 949,652 shares of the company’s stock worth $10,095,000 after purchasing an additional 281,628 shares during the last quarter. Berkley W R Corp grew its position in Churchill Capital Corp IX by 2,241.9% in the 4th quarter. Berkley W R Corp now owns 936,181 shares of the company’s stock worth $9,952,000 after purchasing an additional 896,205 shares during the last quarter. Finally, Crossingbridge Advisors LLC acquired a new stake in Churchill Capital Corp IX in the 4th quarter worth $4,774,000.

Analyst Upgrades and Downgrades

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