Highbridge Capital Management LLC purchased a new stake in Cartesian Growth Corp III (NASDAQ:CGCT – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,000,000 shares of the company’s stock, valued at approximately $20,580,000. Highbridge Capital Management LLC owned 5.80% of Cartesian Growth Corp III as of its most recent filing with the Securities and Exchange Commission.
Separately, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Cartesian Growth Corp III in the 4th quarter valued at approximately $1,030,000.
Cartesian Growth Corp III Stock Performance
Shares of NASDAQ CGCT opened at $11.90 on Friday. Cartesian Growth Corp III has a 52-week low of $9.26 and a 52-week high of $15.30. The company has a 50 day simple moving average of $10.65. The firm has a market cap of $410.55 million and a PE ratio of 49.59.
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.
Featured Stories
- Five stocks we like better than Cartesian Growth Corp III
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
- NVIDIA’s New Power Play: Why Fluence Is Surging
Want to see what other hedge funds are holding CGCT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cartesian Growth Corp III (NASDAQ:CGCT – Free Report).
Receive News & Ratings for Cartesian Growth Corp III Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cartesian Growth Corp III and related companies with MarketBeat.com's FREE daily email newsletter.
