Potomac Capital Management Inc. lifted its position in shares of CONX Corp. (NASDAQ:CONX – Get Rating) by 27.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 149,268 shares of the company's stock after purchasing an additional 32,378 shares during the period. CONX accounts for approximately 1.3% of Potomac Capital Management Inc.'s portfolio, making the stock its 22nd largest position. Potomac Capital Management Inc. owned 0.16% of CONX worth $1,470,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Fort Baker Capital Management LP boosted its holdings in shares of CONX by 106.2% during the fourth quarter. Fort Baker Capital Management LP now owns 3,726,656 shares of the company's stock worth $36,595,000 after purchasing an additional 1,919,434 shares during the period. JPMorgan Chase & Co. lifted its holdings in CONX by 60.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,380,372 shares of the company's stock worth $13,555,000 after buying an additional 522,149 shares during the period. Omni Event Management Ltd purchased a new stake in CONX in the fourth quarter worth about $2,016,000. Allianz Asset Management GmbH purchased a new stake in CONX in the fourth quarter worth about $1,149,000. Finally, Bank of Montreal Can purchased a new stake in CONX in the fourth quarter worth about $7,373,000. Institutional investors own 73.74% of the company's stock.
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Shares of CONX opened at $9.91 on Monday. CONX Corp. has a one year low of $9.70 and a one year high of $9.92. The company has a 50-day simple moving average of $9.88 and a two-hundred day simple moving average of $9.85.
CONX Company Profile (Get Rating)
CONX Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to focus its search on identifying a prospective target operating in the technology, media, and telecommunications industries, including wireless communications industry.
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