200,000 Shares in Cartesian Growth Corp III $CGCT Bought by L1 Global Manager Pty Ltd

L1 Global Manager Pty Ltd acquired a new position in Cartesian Growth Corp III (NASDAQ:CGCT) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 200,000 shares of the company’s stock, valued at approximately $2,059,000. Cartesian Growth Corp III accounts for approximately 1.4% of L1 Global Manager Pty Ltd’s investment portfolio, making the stock its 18th largest holding.

Other large investors have also recently bought and sold shares of the company. Marex Group plc bought a new stake in Cartesian Growth Corp III in the fourth quarter worth $309,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Cartesian Growth Corp III in the fourth quarter worth $1,030,000. UBS Group AG boosted its holdings in Cartesian Growth Corp III by 264.9% during the fourth quarter. UBS Group AG now owns 215,841 shares of the company’s stock valued at $2,222,000 after acquiring an additional 156,697 shares during the period. Finally, Highbridge Capital Management LLC bought a new stake in Cartesian Growth Corp III during the fourth quarter valued at about $20,580,000.

Cartesian Growth Corp III Price Performance

CGCT stock opened at $17.27 on Friday. Cartesian Growth Corp III has a 52-week low of $9.26 and a 52-week high of $15.30. The company’s 50-day moving average price is $11.25. The company has a market capitalization of $595.82 million and a PE ratio of 71.96.

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

Cartesian Growth Corp III 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.