L1 Global Manager Pty Ltd Buys Shares of 200,000 Cartesian Growth Corp III $CGCT

L1 Global Manager Pty Ltd bought a new stake in shares of Cartesian Growth Corp III (NASDAQ:CGCT) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 200,000 shares of the company’s stock, valued at approximately $2,059,000. Cartesian Growth Corp III accounts for 1.4% of L1 Global Manager Pty Ltd’s investment portfolio, making the stock its 18th biggest position. L1 Global Manager Pty Ltd owned 0.58% of Cartesian Growth Corp III at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CGCT. UBS Group AG increased its stake in shares of Cartesian Growth Corp III by 264.9% in the fourth quarter. UBS Group AG now owns 215,841 shares of the company’s stock worth $2,222,000 after acquiring an additional 156,697 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Cartesian Growth Corp III in the fourth quarter worth $1,030,000. Highbridge Capital Management LLC acquired a new position in shares of Cartesian Growth Corp III in the fourth quarter worth $20,580,000. Finally, Marex Group plc acquired a new position in shares of Cartesian Growth Corp III in the fourth quarter worth $309,000.

Cartesian Growth Corp III Price Performance

NASDAQ CGCT opened at $17.27 on Friday. Cartesian Growth Corp III has a 1-year low of $9.26 and a 1-year high of $15.30. The firm has a market capitalization of $595.82 million and a P/E ratio of 71.96. The stock has a fifty day moving average of $11.25.

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

Cartesian Growth Corp III 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.