Churchill Capital Corp VI (NYSE:CCVI) Shares Purchased by Atlas Merchant Capital LLC

Atlas Merchant Capital LLC grew its holdings in shares of Churchill Capital Corp VI (NYSE:CCVI) by 172.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,738,372 shares of the company’s stock after buying an additional 1,100,000 shares during the quarter. Churchill Capital Corp VI accounts for about 2.6% of Atlas Merchant Capital LLC’s holdings, making the stock its 4th biggest position. Atlas Merchant Capital LLC owned approximately 2.52% of Churchill Capital Corp VI worth $17,575,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Jefferies Financial Group Inc. purchased a new position in Churchill Capital Corp VI during the fourth quarter worth about $12,359,000. Mizuho Securities USA LLC purchased a new position in Churchill Capital Corp VI during the first quarter worth about $10,425,000. CSS LLC IL boosted its holdings in Churchill Capital Corp VI by 61.9% during the fourth quarter. CSS LLC IL now owns 839,771 shares of the company’s stock worth $8,394,000 after purchasing an additional 320,972 shares during the last quarter. Dark Forest Capital Management LP boosted its holdings in Churchill Capital Corp VI by 50.3% during the fourth quarter. Dark Forest Capital Management LP now owns 658,810 shares of the company’s stock worth $6,585,000 after purchasing an additional 220,589 shares during the last quarter. Finally, Gabelli Funds LLC boosted its holdings in Churchill Capital Corp VI by 4,475.0% during the first quarter. Gabelli Funds LLC now owns 558,147 shares of the company’s stock worth $5,643,000 after purchasing an additional 545,947 shares during the last quarter. 39.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 transaction of $5,460,000.00. Following the sale, the insider now owns 3,134,784 shares of the company’s stock, valued at approximately $32,601,753.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 20.00% of the company’s stock.

Churchill Capital Corp VI Stock Down 0.1 %

Churchill Capital Corp VI stock traded down $0.01 during midday trading on Friday, hitting $10.41. 15,675 shares of the stock were exchanged, compared to its average volume of 99,390. The business’s 50-day moving average price is $10.38 and its 200-day moving average price is $10.24. Churchill Capital Corp VI has a 52-week low of $9.81 and a 52-week 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.