Churchill Capital Corp II (NYSE:CCX) Receives New Coverage from Analysts at DA Davidson

Equities research analysts at DA Davidson began coverage on shares of Churchill Capital Corp II (NYSE:CCX) in a note issued to investors on Thursday, The Fly reports. The firm set a “buy” rating on the stock.

Separately, Benchmark began coverage on shares of Churchill Capital Corp II in a report on Monday, March 22nd. They set a “buy” rating and a $14.00 price target on the stock.

NYSE:CCX remained flat at $$10.03 during trading hours on Thursday. 7,338 shares of the company’s stock traded hands, compared to its average volume of 1,617,805. Churchill Capital Corp II has a twelve month low of $9.80 and a twelve month high of $11.99. The firm has a 50-day moving average of $10.05 and a 200 day moving average of $10.21.

A number of large investors have recently modified their holdings of CCX. Fort Baker Capital Management LP purchased a new position in Churchill Capital Corp II during the fourth quarter valued at approximately $23,048,000. Morgan Stanley raised its position in shares of Churchill Capital Corp II by 669,101.3% during the fourth quarter. Morgan Stanley now owns 2,020,988 shares of the company’s stock valued at $20,918,000 after buying an additional 2,020,686 shares during the last quarter. Select Equity Group L.P. bought a new stake in shares of Churchill Capital Corp II during the fourth quarter valued at approximately $20,077,000. Basso Capital Management L.P. purchased a new position in Churchill Capital Corp II during the fourth quarter worth $18,244,000. Finally, JPMorgan Chase & Co. boosted its stake in Churchill Capital Corp II by 415.6% during the fourth quarter. JPMorgan Chase & Co. now owns 1,668,650 shares of the company’s stock worth $17,270,000 after buying an additional 1,345,022 shares during the period. 66.73% of the stock is currently owned by institutional investors and hedge funds.

About Churchill Capital Corp II

Churchill Capital Corp II 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. The company was formerly known as Hornblower Acquisition Corp. Churchill Capital Corp II was founded in 2019 and is based in New York, New York.

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