150,000 Shares in NewHold Investment Corp III $NHIC Purchased by L1 Global Manager Pty Ltd

L1 Global Manager Pty Ltd acquired a new position in shares of NewHold Investment Corp III (NASDAQ:NHIC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 150,000 shares of the company’s stock, valued at approximately $1,555,000. NewHold Investment Corp III makes up about 1.0% of L1 Global Manager Pty Ltd’s portfolio, making the stock its 28th largest position. L1 Global Manager Pty Ltd owned approximately 0.54% of NewHold Investment Corp III at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of NHIC. Clear Street Group Inc. bought a new position in shares of NewHold Investment Corp III in the third quarter worth approximately $67,000. Sandia Investment Management LP bought a new position in shares of NewHold Investment Corp III in the second quarter worth approximately $254,000. Alyeska Investment Group L.P. bought a new position in shares of NewHold Investment Corp III in the third quarter worth approximately $450,000. JPMorgan Chase & Co. bought a new position in shares of NewHold Investment Corp III in the second quarter worth approximately $1,015,000. Finally, Context Capital Management LLC bought a new position in shares of NewHold Investment Corp III in the third quarter worth approximately $1,018,000.

NewHold Investment Corp III Stock Performance

Shares of NASDAQ NHIC opened at $10.92 on Friday. The firm’s 50 day moving average price is $10.64 and its 200-day moving average price is $10.48. The company has a market cap of $301.50 million, a PE ratio of 91.00 and a beta of 0.21. NewHold Investment Corp III has a 52-week low of $10.15 and a 52-week high of $11.60.

NewHold Investment Corp III (NASDAQ:NHIC) last issued its earnings results on Monday, May 18th. The company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $3.71 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of NewHold Investment Corp III from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

About NewHold Investment Corp III

NewHold Investment Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination, with one or more target businesses. The company was formerly known as NewHold Industrial Corp. and changed its name to NewHold Investment Corp. in February 2020. NewHold Investment Corp. was incorporated in 2020 and is based in Houston, Texas.