310,165 Shares in Cartesian Growth Corp III $CGCT Acquired by Sculptor Capital LP

Sculptor Capital LP acquired a new position in Cartesian Growth Corp III (NASDAQ:CGCT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 310,165 shares of the company’s stock, valued at approximately $3,193,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Marex Group plc acquired a new position in Cartesian Growth Corp III in the 4th quarter worth approximately $309,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Cartesian Growth Corp III in the 4th quarter worth approximately $1,030,000. L1 Global Manager Pty Ltd acquired a new position in Cartesian Growth Corp III in the 4th quarter worth approximately $2,059,000. Yakira Capital Management Inc. acquired a new position in Cartesian Growth Corp III in the 4th quarter worth approximately $2,160,000. Finally, UBS Group AG boosted its stake in Cartesian Growth Corp III by 264.9% in the 4th quarter. UBS Group AG now owns 215,841 shares of the company’s stock worth $2,222,000 after purchasing an additional 156,697 shares during the period.

Cartesian Growth Corp III Stock Down 11.2%

Shares of NASDAQ:CGCT opened at $15.33 on Tuesday. The firm’s fifty day moving average is $11.35. The firm has a market cap of $528.89 million and a price-to-earnings ratio of 63.88. Cartesian Growth Corp III has a 12-month low of $9.26 and a 12-month high of $15.30.

Cartesian Growth Corp III (NASDAQ:CGCT) last issued its earnings results on Friday, May 15th. The company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $2.49 million for the quarter.

Cartesian Growth Corp III Company Profile

Cartesian Growth Corp III (NASDAQ: CGCT) is a special purpose acquisition company (SPAC), commonly referred to as a blank-check company, that is listed on the Nasdaq stock exchange. As a SPAC, Cartesian Growth Corp III was formed to raise capital through an initial public offering with the objective of identifying, negotiating and completing one or more business combinations or acquisitions. The company itself does not operate an ongoing commercial business prior to completing a business combination.

The company’s principal activities center on sourcing potential acquisition targets, conducting due diligence, arranging transaction financing and completing a business combination that would result in an operating public company.