Balyasny Asset Management L.P. purchased a new position in shares of Coincheck Group NV. (NASDAQ:CNCK - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 40,676 shares of the company's stock, valued at approximately $362,000. Balyasny Asset Management L.P. owned about 0.43% of Coincheck Group as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Jane Street Group LLC bought a new position in Coincheck Group during the fourth quarter worth $134,000. Geode Capital Management LLC acquired a new stake in Coincheck Group in the 4th quarter worth $137,000. JPMorgan Chase & Co. bought a new position in shares of Coincheck Group during the 4th quarter worth about $533,000. Wellington Management Group LLP acquired a new position in shares of Coincheck Group during the fourth quarter valued at about $911,000. Finally, Ghisallo Capital Management LLC bought a new stake in shares of Coincheck Group in the fourth quarter valued at about $10,439,000. 33.22% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Cantor Fitzgerald began coverage on Coincheck Group in a research note on Wednesday, February 19th. They set an "overweight" rating and a $10.00 price target on the stock.
Read Our Latest Report on CNCK
Coincheck Group Trading Up 7.0%
Shares of CNCK traded up $0.42 on Thursday, reaching $6.43. 15,651 shares of the stock traded hands, compared to its average volume of 58,361. The stock's 50-day moving average is $6.25. Coincheck Group NV. has a 12 month low of $4.22 and a 12 month high of $14.42.
About Coincheck Group
(
Free Report)
Coincheck Group NV. is a Dutch public limited liability company and a holding company of Coincheck, Inc which operates one of the largest multi-cryptocurrency marketplaces and crypto asset exchanges in Japan and is regulated by the Financial Services Agency of Japan. The company was founded on February 18, 2022 and is headquartered in Amsterdam, Netherland.
See Also
Before you consider Coincheck Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coincheck Group wasn't on the list.
While Coincheck Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
