Wall Street Zen Upgrades Churchill Capital Corp IX (NASDAQ:CCIX) to “Sell”

Churchill Capital Corp IX (NASDAQ:CCIX) was upgraded by equities researchers at Wall Street Zen to a “sell” rating in a report issued on Sunday.

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Churchill Capital Corp IX in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Churchill Capital Corp IX currently has an average rating of “Sell”.

Churchill Capital Corp IX Stock Performance

Shares of NASDAQ:CCIX remained flat at $10.88 during mid-day trading on Friday. 71,648 shares of the company were exchanged, compared to its average volume of 221,422. The stock has a fifty day moving average of $10.82 and a 200 day moving average of $10.72. Churchill Capital Corp IX has a 1-year low of $10.45 and a 1-year high of $11.32. The company has a market cap of $398.86 million, a price-to-earnings ratio of 57.27 and a beta of -0.05.

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

Hedge Funds Weigh In On Churchill Capital Corp IX

Institutional investors have recently modified their holdings of the business. TENOR CAPITAL MANAGEMENT Co. L.P. lifted its stake in Churchill Capital Corp IX by 88.0% in the fourth quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 2,702,188 shares of the company’s stock valued at $28,724,000 after buying an additional 1,264,688 shares in the last quarter. Berkley W R Corp raised its holdings in shares of Churchill Capital Corp IX by 2,241.9% during the fourth quarter. Berkley W R Corp now owns 936,181 shares of the company’s stock worth $9,952,000 after acquiring an additional 896,205 shares during the period. Crossingbridge Advisors LLC bought a new stake in Churchill Capital Corp IX in the 4th quarter valued at $4,774,000. Meteora Capital LLC lifted its position in Churchill Capital Corp IX by 105.7% in the 3rd quarter. Meteora Capital LLC now owns 668,024 shares of the company’s stock valued at $7,001,000 after acquiring an additional 343,339 shares in the last quarter. Finally, Verbena Value LP bought a new position in Churchill Capital Corp IX during the 4th quarter worth about $2,986,000.

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.