Berkley W R Corp Has $17.12 Million Stake in Nabors Energy Transition Corp. II $NETD

Berkley W R Corp raised its stake in shares of Nabors Energy Transition Corp. II (NASDAQ:NETD) by 184.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,542,099 shares of the company’s stock after purchasing an additional 1,000,573 shares during the period. Nabors Energy Transition Corp. II accounts for 0.9% of Berkley W R Corp’s portfolio, making the stock its 13th largest holding. Berkley W R Corp owned 4.04% of Nabors Energy Transition Corp. II worth $17,117,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Clear Street LLC grew its stake in Nabors Energy Transition Corp. II by 116,901.2% in the 2nd quarter. Clear Street LLC now owns 98,281 shares of the company’s stock valued at $1,091,000 after buying an additional 98,197 shares during the last quarter. Shaolin Capital Management LLC boosted its holdings in Nabors Energy Transition Corp. II by 100.0% during the second quarter. Shaolin Capital Management LLC now owns 200,000 shares of the company’s stock valued at $2,220,000 after acquiring an additional 100,000 shares during the period. Alpine Global Management LLC acquired a new stake in shares of Nabors Energy Transition Corp. II in the first quarter valued at about $2,947,000. K2 Principal Fund L.P. bought a new position in shares of Nabors Energy Transition Corp. II in the first quarter worth about $3,285,000. Finally, Millennium Management LLC lifted its position in shares of Nabors Energy Transition Corp. II by 175.0% during the 1st quarter. Millennium Management LLC now owns 550,000 shares of the company’s stock worth $6,022,000 after purchasing an additional 350,000 shares during the last quarter. 75.52% of the stock is currently owned by institutional investors and hedge funds.

Nabors Energy Transition Corp. II Price Performance

NETD stock opened at $11.52 on Friday. Nabors Energy Transition Corp. II has a twelve month low of $10.72 and a twelve month high of $11.75. The company has a market cap of $245.95 million, a PE ratio of -1,152,000.00 and a beta of -0.02. The business’s 50-day simple moving average is $11.41 and its 200 day simple moving average is $11.26.

Nabors Energy Transition Corp. II (NASDAQ:NETD) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.09) EPS for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Nabors Energy Transition Corp. II in a report on Tuesday, November 25th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Nabors Energy Transition Corp. II presently has an average rating of “Sell”.

Nabors Energy Transition Corp. II Profile

Nabors Energy Transition Corp. II focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to identify solutions, opportunities, companies, or technologies that focus on advancing the energy transition that facilitate, improve, or complement the reduction of carbon or greenhouse gas emissions.