SkyView Investment Advisors LLC Invests $1.56 Million in Gores Holdings X, Inc. / CI $GTEN

Key Points

• SkyView Investment Advisors acquired 150,000 shares of Gores Holdings X, Inc. / CI in the second quarter, valued at approximately $1.56 million and representing about 0.33% of the company.
• Other institutional investors also adjusted their positions, including Governors Lane, which increased its stake by 91.2%, and Lineage Point Capital, which raised its holdings by 5.9%.
• GTEN received a consensus “Sell” rating from analysts. The stock opened at $10.52, near its 52-week range of $10.16 to $10.99, while the company continues to operate as a SPAC seeking a business combination.

SkyView Investment Advisors LLC acquired a new position in shares of Gores Holdings X, Inc. / CI (NASDAQ:GTEN - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 150,000 shares of the company's stock, valued at approximately $1,565,000. Gores Holdings X, Inc. / CI accounts for about 1.3% of SkyView Investment Advisors LLC's investment portfolio, making the stock its 23rd largest holding. SkyView Investment Advisors LLC owned approximately 0.33% of Gores Holdings X, Inc. / CI as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GTEN. Harraden Circle Investments LLC bought a new position in Gores Holdings X, Inc. / CI during the second quarter worth about $657,000. Lineage Point Capital LP grew its position in shares of Gores Holdings X, Inc. / CI by 5.9% during the 2nd quarter. Lineage Point Capital LP now owns 270,329 shares of the company's stock worth $2,820,000 after buying an additional 15,000 shares during the period. Sona Asset Management US LLC bought a new stake in shares of Gores Holdings X, Inc. / CI in the 1st quarter valued at about $1,631,000. DLD Asset Management LP increased its stake in shares of Gores Holdings X, Inc. / CI by 6.5% in the 1st quarter. DLD Asset Management LP now owns 165,559 shares of the company's stock valued at $1,695,000 after acquiring an additional 10,058 shares during the last quarter. Finally, Governors Lane LP increased its stake in shares of Gores Holdings X, Inc. / CI by 91.2% in the 4th quarter. Governors Lane LP now owns 672,658 shares of the company's stock valued at $6,895,000 after acquiring an additional 320,858 shares during the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Gores Holdings X, Inc. / CI from a "sell (d-)" rating to a "sell (d)" rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Gores Holdings X, Inc. / CI presently has a consensus rating of "Sell".

Gores Holdings X, Inc. / CI Trading Down 0.2%

NASDAQ:GTEN opened at $10.52 on Tuesday. Gores Holdings X, Inc. / CI has a 1 year low of $10.16 and a 1 year high of $10.99. The stock has a 50-day moving average price of $10.55 and a two-hundred day moving average price of $10.41. The stock has a market cap of $474.37 million, a price-to-earnings ratio of 75.17 and a beta of 0.11.

Gores Holdings X, Inc. / CI Company Profile

Gores Holdings X, Inc is a special purpose acquisition company (SPAC) formed to identify and combine with one or more businesses through a merger, stock purchase, or similar transaction. Unlike an operating company, it does not have an established line of products or services and generally has no commercial operations before completing a business combination.

The company was sponsored by an affiliate of The Gores Group, an investment firm founded by Alec Gores. Its acquisition strategy was not limited to a specific industry or geography, allowing it to evaluate potential targets in a range of sectors and markets.

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