Cantor Equity Partners (NASDAQ:CEP) Announces Quarterly Earnings Results

Key Points

• Cantor Equity Partners reported quarterly earnings of $0.04 per share, marking its financial performance for the period.
• Shares of CEP stock rose by 1.8%, closing at $29.58, with a trading volume significantly below its average.
• Cetera Investment Advisers recently acquired a new stake in Cantor Equity Partners, purchasing over 10,500 shares worth approximately $292,000.

Cantor Equity Partners (NASDAQ:CEP - Get Free Report) issued its earnings results on Wednesday. The company reported $0.04 EPS for the quarter, Zacks reports.

Cantor Equity Partners Stock Performance

Shares of NASDAQ:CEP traded down $0.47 during trading on Monday, reaching $26.75. 76,238 shares of the company were exchanged, compared to its average volume of 1,711,817. The business's fifty day simple moving average is $30.93 and its 200-day simple moving average is $23.89. Cantor Equity Partners has a 12-month low of $9.99 and a 12-month high of $59.75.

Hedge Funds Weigh In On Cantor Equity Partners

Hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC acquired a new stake in shares of Cantor Equity Partners in the 2nd quarter worth $32,000. Raymond James Financial Inc. acquired a new stake in shares of Cantor Equity Partners during the second quarter worth $65,000. Tower Research Capital LLC TRC acquired a new position in Cantor Equity Partners during the second quarter valued at $85,000. Cetera Investment Advisers acquired a new position in Cantor Equity Partners during the second quarter valued at $292,000. Finally, Jane Street Group LLC acquired a new position in Cantor Equity Partners during the second quarter valued at $5,815,000.

About Cantor Equity Partners

Cantor Equity Partners, Inc is a blank check company, which engages in the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on November 11, 2020 and is headquartered in New York, NY.