GABELLI & Co INVESTMENT ADVISERS INC. Makes New $1.23 Million Investment in Churchill Capital Corp X $CCCX

GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Churchill Capital Corp X (NASDAQ:CCCX) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 95,400 shares of the company’s stock, valued at approximately $1,227,000. GABELLI & Co INVESTMENT ADVISERS INC. owned 0.18% of Churchill Capital Corp X at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MMCAP International Inc. SPC bought a new stake in shares of Churchill Capital Corp X during the 3rd quarter worth $20,317,000. Alberta Investment Management Corp bought a new stake in Churchill Capital Corp X during the 3rd quarter valued at $19,290,000. Highbridge Capital Management LLC purchased a new position in shares of Churchill Capital Corp X during the third quarter valued at approximately $17,797,000. Waratah Capital Advisors Ltd. bought a new position in shares of Churchill Capital Corp X during the 3rd quarter worth approximately $3,009,000. Finally, Cookson Peirce & Co. Inc. bought a new position in Churchill Capital Corp X during the third quarter valued at about $386,000.

Churchill Capital Corp X Stock Performance

CCCX stock opened at $13.66 on Friday. The company has a 50-day moving average price of $15.14. Churchill Capital Corp X has a 12-month low of $10.03 and a 12-month high of $27.50.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Churchill Capital Corp X in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Churchill Capital Corp X currently has a consensus rating of “Sell”.

Churchill Capital Corp X Profile

Churchill Capital Corp X (NASDAQ: CCCX) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, formed to raise capital through an initial public offering for the purpose of effecting one or more business combinations. As a SPAC, it initially holds the proceeds from its public offering in a trust account while management and the sponsor identify and negotiate a potential merger, acquisition, or other qualifying business combination that would result in the acquired company becoming publicly listed.

The company’s primary activities are sourcing, evaluating and completing a business combination with a target company.