OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of NewHold Investment Corp III (NASDAQ:NHIC – Free Report) by 13.4% during the fourth quarter, Holdings Channel reports. The fund owned 324,604 shares of the company’s stock after selling 50,396 shares during the period. 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 hedge funds and other institutional investors have also recently bought and sold shares of NHIC. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in NewHold Investment Corp III in the 2nd quarter valued at $9,950,000. Hudson Bay Capital Management LP acquired a new position in NewHold Investment Corp III in the second quarter worth $8,922,000. Meteora Capital LLC bought a new stake in shares of NewHold Investment Corp III during the fourth quarter worth $4,915,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of NewHold Investment Corp III during the fourth quarter worth $4,146,000. Finally, Radcliffe Capital Management L.P. grew its holdings in shares of NewHold Investment Corp III by 169.4% during the third quarter. Radcliffe Capital Management L.P. now owns 493,204 shares of the company’s stock worth $5,021,000 after purchasing an additional 310,113 shares during the last quarter.
NewHold Investment Corp III Price Performance
NewHold Investment Corp III stock opened at $10.93 on Friday. The business’s 50-day simple moving average is $10.71 and its 200 day simple moving average is $10.50. The stock has a market cap of $301.78 million, a price-to-earnings ratio of 91.08 and a beta of 0.21. NewHold Investment Corp III has a 12-month low of $10.15 and a 12-month high of $11.60.
Wall Street Analyst Weigh In
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 investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, NewHold Investment Corp III currently has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on NewHold Investment Corp III
NewHold Investment Corp III Profile
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.
Featured Articles
- Five stocks we like better than NewHold Investment Corp III
- Aehr Spikes on New Order, But Has Stock Gotten Ahead of Itself?
- Rackspace’s AI Land Grab: Plugging Into the Next Compute Boom
- Satellogic Is Tiny But Its Revenue Growth Is Hard to Ignore
- Why Kroger’s Pullback Could Be a Gift for Patient Investors
Want to see what other hedge funds are holding NHIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NewHold Investment Corp III (NASDAQ:NHIC – Free Report).
Receive News & Ratings for NewHold Investment Corp III Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NewHold Investment Corp III and related companies with MarketBeat.com's FREE daily email newsletter.
