Nabors Energy Transition Corp. II $NETD is Wealthspring Capital LLC’s 4th Largest Position

Wealthspring Capital LLC trimmed its holdings in shares of Nabors Energy Transition Corp. II (NASDAQ:NETD) by 15.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,319,163 shares of the company’s stock after selling 240,944 shares during the quarter. Nabors Energy Transition Corp. II accounts for approximately 3.6% of Wealthspring Capital LLC’s holdings, making the stock its 4th biggest holding. Wealthspring Capital LLC owned 0.06% of Nabors Energy Transition Corp. II worth $14,788,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Berkley W R Corp boosted its position in Nabors Energy Transition Corp. II by 184.8% during the 2nd quarter. Berkley W R Corp now owns 1,542,099 shares of the company’s stock valued at $17,117,000 after acquiring an additional 1,000,573 shares in the last quarter. DLD Asset Management LP purchased a new stake in shares of Nabors Energy Transition Corp. II during the 2nd quarter worth $9,016,000. Wolverine Asset Management LLC lifted its stake in shares of Nabors Energy Transition Corp. II by 67.2% during the 2nd quarter. Wolverine Asset Management LLC now owns 1,337,286 shares of the company’s stock worth $14,844,000 after purchasing an additional 537,522 shares during the last quarter. Millennium Management LLC boosted its position in Nabors Energy Transition Corp. II by 175.0% during the first quarter. Millennium Management LLC now owns 550,000 shares of the company’s stock valued at $6,022,000 after purchasing an additional 350,000 shares in the last quarter. Finally, K2 Principal Fund L.P. purchased a new position in Nabors Energy Transition Corp. II in the first quarter valued at about $3,285,000. Hedge funds and other institutional investors own 75.52% of the company’s stock.

Nabors Energy Transition Corp. II Price Performance

Nabors Energy Transition Corp. II stock opened at $11.52 on Wednesday. Nabors Energy Transition Corp. II has a 1-year low of $10.72 and a 1-year high of $11.75. The business has a fifty day moving average price of $11.44 and a 200-day moving average price of $11.29. The stock has a market capitalization of $245.95 million, a price-to-earnings ratio of -1,152,000.00 and a beta of -0.02.

Nabors Energy Transition Corp. II (NASDAQ:NETD) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.09) EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Nabors Energy Transition Corp. II in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Nabors Energy Transition Corp. II Profile

Nabors Energy Transition Corp. II (NASDAQ:NETD) is a special purpose acquisition company sponsored by Nabors Industries Ltd., a leading provider of drilling and technology services to the oil and gas industry. NETD was formed to identify, acquire and operate one or more businesses or assets that advance the global energy transition. The company’s mandate includes seeking targets that are positioned to deliver cleaner energy solutions, reduced carbon emissions and enhanced operational efficiencies across the energy value chain.

NETD intends to focus on sectors such as renewable power generation, electric vehicle infrastructure, hydrogen production and storage, carbon capture and utilization, and other technologies that contribute to decarbonization.