SkyView Investment Advisors LLC acquired a new position in shares of Cantor Equity Partners, Inc. (NASDAQ:CEPO – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 175,492 shares of the company’s stock, valued at approximately $1,550,000. Cantor Equity Partners comprises about 1.3% of SkyView Investment Advisors LLC’s investment portfolio, making the stock its 24th biggest position.
A number of other institutional investors also recently bought and sold shares of CEPO. Cannon Global Investment Management LLC increased its position in shares of Cantor Equity Partners by 15.1% in the first quarter. Cannon Global Investment Management LLC now owns 118,000 shares of the company’s stock valued at $1,239,000 after buying an additional 15,500 shares in the last quarter. Lineage Point Capital LP purchased a new stake in shares of Cantor Equity Partners in the 4th quarter worth about $124,000. L1 Global Manager Pty Ltd purchased a new stake in shares of Cantor Equity Partners in the 4th quarter worth about $524,000. Finally, BCK Capital Management LP grew its stake in Cantor Equity Partners by 221.9% in the 4th quarter. BCK Capital Management LP now owns 388,000 shares of the company’s stock valued at $4,039,000 after acquiring an additional 267,468 shares during the last quarter.
Analysts Set New Price Targets
Several research firms have weighed in on CEPO. Weiss Ratings downgraded shares of Cantor Equity Partners from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, August 25th. Wall Street Zen upgraded shares of Cantor Equity Partners from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Cantor Equity Partners Stock Down 0.1%
NASDAQ CEPO opened at $10.75 on Tuesday. Cantor Equity Partners, Inc. has a fifty-two week low of $8.22 and a fifty-two week high of $10.97. The stock has a market cap of $274.12 million, a price-to-earnings ratio of -37.07 and a beta of -0.05. The business has a fifty day moving average of $10.69 and a 200-day moving average of $10.59.
Cantor Equity Partners (NASDAQ:CEPO – Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported $0.26 earnings per share (EPS) for the quarter.
Cantor Equity Partners Profile
Cantor Equity Partners is a special purpose acquisition company (SPAC) sponsored by an affiliate of Cantor Fitzgerald. Rather than operating a traditional business, the company was formed to raise capital through a public offering and pursue a merger, stock purchase, asset acquisition, reorganization, or similar business combination with one or more businesses.
As a blank-check company, Cantor Equity Partners does not manufacture products or provide ongoing commercial services of its own.
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