Verition Fund Management LLC increased its holdings in CONX Corp. (NASDAQ:CONX – Get Rating) by 169.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 397,966 shares of the company's stock after acquiring an additional 250,000 shares during the quarter. Verition Fund Management LLC owned approximately 0.42% of CONX worth $3,932,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. UBS Group AG lifted its holdings in CONX by 80.6% in the 1st quarter. UBS Group AG now owns 6,522 shares of the company's stock valued at $64,000 after purchasing an additional 2,910 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in CONX in the second quarter valued at $133,000. Berkley W R Corp acquired a new position in shares of CONX during the first quarter valued at $174,000. ARS Investment Partners LLC acquired a new position in shares of CONX during the second quarter valued at $198,000. Finally, CSS LLC IL acquired a new position in shares of CONX during the second quarter valued at $297,000. 71.84% of the stock is owned by institutional investors and hedge funds.
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NASDAQ:CONX opened at $9.98 on Friday. CONX Corp. has a 52-week low of $9.76 and a 52-week high of $10.20. The business's 50-day moving average price is $10.04 and its 200 day moving average price is $9.97.
About CONX
(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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