GABELLI & Co INVESTMENT ADVISERS INC. Increases Holdings in Churchill Capital Corp VI (NYSE:CCVI)

GABELLI & Co INVESTMENT ADVISERS INC. lifted its holdings in shares of Churchill Capital Corp VI (NYSE:CCVI) by 3,014.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 398,600 shares of the company’s stock after purchasing an additional 385,800 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. owned about 0.58% of Churchill Capital Corp VI worth $4,030,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mizuho Securities USA LLC purchased a new position in Churchill Capital Corp VI in the first quarter valued at about $10,425,000. K2 Principal Fund L.P. bought a new position in Churchill Capital Corp VI during the fourth quarter valued at $3,330,000. Robinson Capital Management LLC increased its position in Churchill Capital Corp VI by 6.9% in the first quarter. Robinson Capital Management LLC now owns 81,697 shares of the company’s stock worth $828,000 after buying an additional 5,250 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Churchill Capital Corp VI in the fourth quarter valued at $135,000. Finally, Dark Forest Capital Management LP lifted its position in shares of Churchill Capital Corp VI by 50.3% during the 4th quarter. Dark Forest Capital Management LP now owns 658,810 shares of the company’s stock valued at $6,585,000 after buying an additional 220,589 shares during the last quarter. 39.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Churchill Capital Corp VI

In other news, major shareholder Taconic Capital Advisors Lp sold 525,000 shares of Churchill Capital Corp VI stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $10.40, for a total value of $5,460,000.00. Following the completion of the transaction, the insider now owns 3,134,784 shares in the company, valued at $32,601,753.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 20.00% of the company’s stock.

Churchill Capital Corp VI Stock Up 0.1 %

Shares of CCVI stock traded up $0.02 on Friday, hitting $10.42. 73,965 shares of the stock were exchanged, compared to its average volume of 96,981. The firm’s 50 day moving average is $10.37 and its two-hundred day moving average is $10.23. Churchill Capital Corp VI has a one year low of $9.81 and a one year high of $11.15.

Churchill Capital Corp VI Company Profile

Churchill Capital Corp VI does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Churchill Capital Corp VI was incorporated in 2020 and is based in New York, New York.