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Glazer Capital LLC Has $23.12 Million Position in CONX Corp. (NASDAQ:CONX)

Financial News Live ·  Sep 13, 2022 14:52

Glazer Capital LLC increased its stake in shares of CONX Corp. (NASDAQ:CONX – Get Rating) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,347,174 shares of the company's stock after purchasing an additional 23,792 shares during the quarter. Glazer Capital LLC owned approximately 2.50% of CONX worth $23,120,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CONX. 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. Bank of Montreal Can acquired a new stake in shares of CONX during the fourth quarter worth approximately $7,373,000. JPMorgan Chase & Co. lifted its stake in CONX by 60.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,380,372 shares of the company's stock valued at $13,555,000 after acquiring an additional 522,149 shares during the last quarter. Rivernorth Capital Management LLC lifted its stake in CONX by 73.4% in the first quarter. Rivernorth Capital Management LLC now owns 1,004,151 shares of the company's stock valued at $9,891,000 after acquiring an additional 425,000 shares during the last quarter. Finally, Sculptor Capital LP lifted its stake in CONX by 2,527.4% in the first quarter. Sculptor Capital LP now owns 351,807 shares of the company's stock valued at $3,465,000 after acquiring an additional 338,417 shares during the last quarter. 71.84% of the stock is currently owned by institutional investors and hedge funds.

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CONX Price Performance

NASDAQ CONX remained flat at $9.97 during trading on Tuesday. 7,726 shares of the company's stock were exchanged, compared to its average volume of 183,794. The stock has a fifty day simple moving average of $9.94 and a 200-day simple moving average of $9.89. CONX Corp. has a 1 year low of $9.76 and a 1 year high of $9.98.

CONX Company Profile

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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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