Potomac Capital Management Inc. boosted its stake in shares of CONX Corp. (NASDAQ:CONX – Get Rating) by 27.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 149,268 shares of the company's stock after buying an additional 32,378 shares during the quarter. CONX makes up approximately 1.3% of Potomac Capital Management Inc.'s portfolio, making the stock its 22nd biggest position. Potomac Capital Management Inc. owned 0.16% of CONX worth $1,470,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Clear Harbor Asset Management LLC acquired a new position in CONX during the 4th quarter worth about $104,000. Qube Research & Technologies Ltd increased its holdings in CONX by 96.1% during the 4th quarter. Qube Research & Technologies Ltd now owns 87,671 shares of the company's stock worth $861,000 after purchasing an additional 42,971 shares in the last quarter. Aequim Alternative Investments LP bought a new stake in CONX during the 4th quarter worth approximately $983,000. Allianz Asset Management GmbH bought a new stake in CONX during the 4th quarter worth approximately $1,149,000. Finally, Omni Event Management Ltd bought a new position in shares of CONX in the fourth quarter valued at approximately $2,016,000. 73.74% of the stock is currently owned by hedge funds and other institutional investors.
Get CONX alerts:CONX stock opened at $9.91 on Monday. The business has a 50 day moving average of $9.88 and a 200-day moving average of $9.85. CONX Corp. has a 12-month low of $9.70 and a 12-month high of $9.92.
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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