KCL Capital L.P. decreased its position in shares of CONX Corp. (NASDAQ:CONX – Get Rating) by 58.2% in the second quarter, HoldingsChannel reports. The firm owned 40,000 shares of the company's stock after selling 55,665 shares during the quarter. CONX accounts for 0.1% of KCL Capital L.P.'s portfolio, making the stock its 21st biggest position. KCL Capital L.P.'s holdings in CONX were worth $395,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fort Baker Capital Management LP lifted its holdings in shares of CONX by 4.6% during the first quarter. Fort Baker Capital Management LP now owns 3,899,572 shares of the company's stock worth $38,411,000 after purchasing an additional 172,916 shares during the period. Millennium Management LLC lifted its holdings in shares of CONX by 5.3% during the second quarter. Millennium Management LLC now owns 3,096,406 shares of the company's stock worth $30,608,000 after purchasing an additional 156,971 shares during the period. Glazer Capital LLC lifted its holdings in shares of CONX by 1.0% during the first quarter. Glazer Capital LLC now owns 2,347,174 shares of the company's stock worth $23,120,000 after purchasing an additional 23,792 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of CONX by 4.4% during the first quarter. JPMorgan Chase & Co. now owns 1,440,472 shares of the company's stock worth $14,189,000 after purchasing an additional 60,100 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of CONX by 3.8% during the first quarter. Jane Street Group LLC now owns 1,101,930 shares of the company's stock worth $10,855,000 after purchasing an additional 40,334 shares during the period. Institutional investors and hedge funds own 71.84% of the company's stock.
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CONX Price Performance
Shares of NASDAQ:CONX opened at $10.02 on Monday. CONX Corp. has a 12-month low of $9.76 and a 12-month high of $10.20. The business has a 50 day moving average of $10.03 and a two-hundred day moving average of $9.96.
CONX 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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