Cantor Equity Partners III (NASDAQ:CAEP) Rating Lowered to “Sell” at Wall Street Zen

Cantor Equity Partners III (NASDAQ:CAEP) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cantor Equity Partners III in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Cantor Equity Partners III Stock Performance

Shares of NASDAQ CAEP opened at $10.26 on Friday. Cantor Equity Partners III has a 1 year low of $10.17 and a 1 year high of $11.09. The company’s 50-day moving average is $10.24 and its 200 day moving average is $10.31.

Cantor Equity Partners III (NASDAQ:CAEP) last issued its quarterly earnings data on Monday, March 16th. The company reported $0.01 EPS for the quarter.

Hedge Funds Weigh In On Cantor Equity Partners III

Large investors have recently made changes to their positions in the business. Toronto Dominion Bank boosted its position in shares of Cantor Equity Partners III by 100.7% in the 4th quarter. Toronto Dominion Bank now owns 2,014,227 shares of the company’s stock worth $20,545,000 after purchasing an additional 1,010,395 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in Cantor Equity Partners III during the 4th quarter valued at approximately $1,472,000. Schonfeld Strategic Advisors LLC increased its position in Cantor Equity Partners III by 46.5% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 88,955 shares of the company’s stock valued at $907,000 after buying an additional 28,252 shares in the last quarter. Meteora Capital LLC raised its stake in Cantor Equity Partners III by 91.7% during the fourth quarter. Meteora Capital LLC now owns 2,783,768 shares of the company’s stock valued at $28,394,000 after buying an additional 1,331,485 shares during the last quarter. Finally, TIG Advisors LLC raised its stake in Cantor Equity Partners III by 100.0% during the fourth quarter. TIG Advisors LLC now owns 50,000 shares of the company’s stock valued at $510,000 after buying an additional 25,000 shares during the last quarter.

About Cantor Equity Partners III

Cantor Equity Partners III (NASDAQ: CAEP) is a special purpose acquisition company sponsored by Cantor Fitzgerald, a leading global financial services firm headquartered in New York City. Formed through an initial public offering in 2021, the company’s sole purpose is to identify, negotiate and complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Cantor Equity Partners III provides its management team with the capital base to pursue attractive acquisition targets in both public and private markets.

The company focuses on sectors where its sponsors and management team have deep expertise, including financial services, technology, healthcare and other growth industries.