Sona Asset Management US LLC Takes Position in NewHold Investment Corp III $NHIC

Sona Asset Management US LLC purchased a new stake in shares of NewHold Investment Corp III (NASDAQ:NHIC) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 292,000 shares of the company’s stock, valued at approximately $3,028,000.

Other institutional investors also recently bought and sold shares of the company. Sandia Investment Management LP purchased a new position in NewHold Investment Corp III during the second quarter worth $254,000. Alyeska Investment Group L.P. bought a new position in NewHold Investment Corp III during the third quarter valued at $450,000. JPMorgan Chase & Co. purchased a new stake in shares of NewHold Investment Corp III in the second quarter valued at $1,015,000. Karpus Management Inc. purchased a new stake in shares of NewHold Investment Corp III in the second quarter valued at $1,207,000. Finally, Toronto Dominion Bank lifted its holdings in shares of NewHold Investment Corp III by 126.5% in the 4th quarter. Toronto Dominion Bank now owns 140,500 shares of the company’s stock worth $1,456,000 after acquiring an additional 78,462 shares during the last quarter.

NewHold Investment Corp III Stock Performance

NewHold Investment Corp III stock opened at $10.81 on Monday. The company has a 50 day moving average price of $10.91 and a 200-day moving average price of $10.59. NewHold Investment Corp III has a fifty-two week low of $10.16 and a fifty-two week high of $11.60. The company has a market capitalization of $298.46 million, a PE ratio of 90.08 and a beta of 0.28.

NewHold Investment Corp III (NASDAQ:NHIC) last announced its quarterly earnings data on Monday, May 18th. The company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $3.71 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of NewHold Investment Corp III from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About NewHold Investment Corp III

NewHold Investment Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination, with one or more target businesses. The company was formerly known as NewHold Industrial Corp. and changed its name to NewHold Investment Corp. in February 2020. NewHold Investment Corp. was incorporated in 2020 and is based in Houston, Texas.