OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.36 Million Stock Holdings in NewHold Investment Corp III $NHIC

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in NewHold Investment Corp III (NASDAQ:NHIC) by 13.4% during the fourth quarter, HoldingsChannel reports. The firm owned 324,604 shares of the company’s stock after selling 50,396 shares during the quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in NewHold Investment Corp III were worth $3,363,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Clear Street Group Inc. acquired a new stake in shares of NewHold Investment Corp III in the 3rd quarter valued at $67,000. Sandia Investment Management LP acquired a new stake in shares of NewHold Investment Corp III in the 2nd quarter valued at $254,000. Alyeska Investment Group L.P. acquired a new stake in shares of NewHold Investment Corp III in the 3rd quarter valued at $450,000. Glazer Capital LLC boosted its holdings in shares of NewHold Investment Corp III by 25.8% in the 4th quarter. Glazer Capital LLC now owns 303,723 shares of the company’s stock valued at $3,147,000 after purchasing an additional 62,322 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of NewHold Investment Corp III in the 2nd quarter valued at $1,015,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised NewHold Investment Corp III from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, NewHold Investment Corp III currently has an average rating of “Sell”.

NewHold Investment Corp III Stock Performance

Shares of NHIC opened at $11.00 on Tuesday. NewHold Investment Corp III has a 52 week low of $10.15 and a 52 week high of $11.60. The stock has a market capitalization of $303.71 million, a price-to-earnings ratio of 91.67 and a beta of 0.21. The stock has a fifty day moving average of $10.66 and a 200-day moving average of $10.48.

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

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.