RP Investment Advisors LP reduced its stake in shares of CONX Corp. (NASDAQ:CONX – Get Rating) by 34.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 500,000 shares of the company's stock after selling 267,897 shares during the period. RP Investment Advisors LP's holdings in CONX were worth $4,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. UBS Group AG grew its stake in shares of CONX by 80.6% in the first quarter. UBS Group AG now owns 6,522 shares of the company's stock worth $64,000 after purchasing an additional 2,910 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of CONX in the second quarter worth $133,000. Berkley W R Corp bought a new position in shares of CONX in the first quarter worth $174,000. CSS LLC IL bought a new position in shares of CONX in the second quarter worth $297,000. Finally, ARS Investment Partners LLC grew its stake in shares of CONX by 90.0% in the third quarter. ARS Investment Partners LLC now owns 38,000 shares of the company's stock worth $380,000 after purchasing an additional 18,000 shares in the last quarter. 77.88% of the stock is currently owned by institutional investors.
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CONX Trading Up 0.1 %
Shares of NASDAQ:CONX traded up $0.01 on Friday, hitting $10.10. The company's stock had a trading volume of 1,350 shares, compared to its average volume of 5,552. CONX Corp. has a 12 month low of $9.80 and a 12 month high of $10.20. The stock's 50-day moving average is $10.02 and its two-hundred day moving average is $10.01.
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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