Cartesian Growth Corp III (NASDAQ:CGCT) Posts Quarterly Earnings Results

Cartesian Growth Corp III (NASDAQ:CGCT) posted its earnings results on Saturday. The company reported $0.06 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $2.71 million for the quarter.

Cartesian Growth Corp III Stock Performance

CGCT opened at $10.26 on Monday. Cartesian Growth Corp III has a 1-year low of $10.00 and a 1-year high of $10.42.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on Cartesian Growth Corp III in a report on Monday, January 26th. They issued a “sell (e+)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Trading of Cartesian Growth Corp III

A number of institutional investors and hedge funds have recently modified their holdings of the business. Evercore Wealth Management LLC bought a new position in Cartesian Growth Corp III in the 4th quarter worth approximately $104,000. PenderFund Capital Management Ltd. bought a new stake in shares of Cartesian Growth Corp III in the 4th quarter worth approximately $234,000. Readystate Asset Management LP purchased a new stake in Cartesian Growth Corp III during the fourth quarter valued at about $257,000. Marex Group plc purchased a new stake in Cartesian Growth Corp III during the 4th quarter valued at about $309,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Cartesian Growth Corp III in the fourth quarter worth approximately $1,030,000.

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.