Commonwealth of Pennsylvania Public School Empls Retrmt SYS Invests $4.15 Million in NewHold Investment Corp III $NHIC

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in NewHold Investment Corp III (NASDAQ:NHIC) in the fourth quarter, HoldingsChannel reports. The firm bought 400,000 shares of the company’s stock, valued at approximately $4,146,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NHIC. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new position in shares of NewHold Investment Corp III in the 2nd quarter worth approximately $9,950,000. Hudson Bay Capital Management LP purchased a new position in shares of NewHold Investment Corp III in the 2nd quarter worth approximately $8,922,000. Radcliffe Capital Management L.P. boosted its holdings in shares of NewHold Investment Corp III by 169.4% in the 3rd quarter. Radcliffe Capital Management L.P. now owns 493,204 shares of the company’s stock worth $5,021,000 after purchasing an additional 310,113 shares during the period. Centiva Capital LP boosted its holdings in NewHold Investment Corp III by 39.9% during the 3rd quarter. Centiva Capital LP now owns 1,029,036 shares of the company’s stock valued at $10,476,000 after acquiring an additional 293,624 shares during the period. Finally, Moore Capital Management LP purchased a new position in NewHold Investment Corp III during the 2nd quarter valued at $2,542,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded NewHold Investment Corp III from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

NewHold Investment Corp III Trading Down 0.7%

NHIC opened at $11.22 on Thursday. The firm has a market cap of $309.78 million, a price-to-earnings ratio of 93.50 and a beta of 0.21. NewHold Investment Corp III has a 12 month low of $10.06 and a 12 month high of $11.60. The stock has a fifty day moving average price of $10.55 and a 200-day moving average price of $10.44.

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

NewHold Investment Corp III Profile

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.