Cartesian Growth Corp III $CGCT Shares Purchased by UBS Group AG

UBS Group AG lifted its position in Cartesian Growth Corp III (NASDAQ:CGCT) by 264.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 215,841 shares of the company’s stock after purchasing an additional 156,697 shares during the period. UBS Group AG’s holdings in Cartesian Growth Corp III were worth $2,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Cartesian Growth Corp III Stock Performance

CGCT opened at $11.34 on Thursday. The company has a fifty day moving average price of $10.32. Cartesian Growth Corp III has a 1 year low of $9.26 and a 1 year high of $11.42. The firm has a market cap of $391.23 million and a PE ratio of 47.25.

Cartesian Growth Corp III (NASDAQ:CGCT) last posted its 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 during 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.