Cannon Global Investment Management LLC Invests $657,000 in Cantor Equity Partners, Inc. $CEPO

Key Points

• Cannon Global Investment Management LLC invested approximately $657,000 in Cantor Equity Partners, acquiring 55,200 shares, making it the firm's 19th largest holding.
• Cantor Equity Partners has a current consensus rating of "Sell" from analysts, with Weiss Ratings reaffirming a "sell (d-)" rating.
• The company's stock, trading under the ticker CEPO, recently opened at $10.53, with a 52-week trading range between $10.04 and $16.50.

Cannon Global Investment Management LLC acquired a new stake in shares of Cantor Equity Partners, Inc. (NASDAQ:CEPO - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 55,200 shares of the company's stock, valued at approximately $657,000. Cantor Equity Partners comprises 1.3% of Cannon Global Investment Management LLC's portfolio, making the stock its 19th largest holding. Cannon Global Investment Management LLC owned approximately 0.22% of Cantor Equity Partners as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in Cantor Equity Partners in the 1st quarter valued at $78,000. PenderFund Capital Management Ltd. purchased a new stake in shares of Cantor Equity Partners in the first quarter valued at about $102,000. Graham Capital Wealth Management LLC acquired a new position in shares of Cantor Equity Partners during the first quarter worth about $418,000. Wealthspring Capital LLC purchased a new position in Cantor Equity Partners during the first quarter worth about $428,000. Finally, Patriot Financial Group Insurance Agency LLC purchased a new position in Cantor Equity Partners during the second quarter worth about $515,000.

Cantor Equity Partners Trading Up 0.3%

Shares of CEPO opened at $10.53 on Friday. Cantor Equity Partners, Inc. has a 52-week low of $10.04 and a 52-week high of $16.50. The company has a 50-day simple moving average of $10.49 and a 200-day simple moving average of $11.27.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Cantor Equity Partners in a report on Tuesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Sell".

Cantor Equity Partners Company Profile

Cantor Equity Partners I, Inc is a blank check company. It was formed for the purpose of effecting a merger, share exchange, asset acquisition, share 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.

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