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

UBS Group AG raised its holdings in shares of 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. The firm owned 215,841 shares of the company’s stock after acquiring an additional 156,697 shares during the period. UBS Group AG owned approximately 0.63% of Cartesian Growth Corp III worth $2,222,000 at the end of the most recent quarter.

Cartesian Growth Corp III Price Performance

Shares of NASDAQ:CGCT opened at $11.34 on Thursday. Cartesian Growth Corp III has a 12-month low of $9.26 and a 12-month high of $11.42. The firm has a market capitalization of $391.23 million and a P/E ratio of 47.25. The firm has a 50 day moving average of $10.32.

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

About Cartesian Growth Corp III

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.