Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys Shares of 400,000 NewHold Investment Corp III $NHIC

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in NewHold Investment Corp III (NASDAQ:NHIC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 400,000 shares of the company’s stock, valued at approximately $4,146,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 1.45% of NewHold Investment Corp III as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Moore Capital Management LP bought a new position in NewHold Investment Corp III in the second quarter valued at about $2,542,000. Shaolin Capital Management LLC bought a new position in shares of NewHold Investment Corp III in the second quarter worth about $2,034,000. Radcliffe Capital Management L.P. bought a new position in shares of NewHold Investment Corp III in the second quarter worth about $1,862,000. Millennium Management LLC bought a new position in shares of NewHold Investment Corp III in the third quarter worth about $1,782,000. Finally, Karpus Management Inc. bought a new position in shares of NewHold Investment Corp III in the second quarter worth about $1,207,000.

Analysts Set New Price Targets

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

NewHold Investment Corp III Price Performance

NASDAQ NHIC opened at $11.22 on Thursday. The stock has a market capitalization of $309.78 million, a PE ratio of 93.50 and a beta of 0.21. The business has a 50 day simple moving average of $10.55 and a two-hundred day simple moving average of $10.44. NewHold Investment Corp III has a 1-year low of $10.06 and a 1-year high of $11.60.

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

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.