Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires New Holdings in Cartesian Growth Corp III $CGCT

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Cartesian Growth Corp III (NASDAQ:CGCT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 100,000 shares of the company’s stock, valued at approximately $1,030,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.29% of Cartesian Growth Corp III at the end of the most recent reporting period.

Separately, UBS Group AG lifted its stake in shares of Cartesian Growth Corp III by 264.9% in the 4th quarter. UBS Group AG now owns 215,841 shares of the company’s stock valued at $2,222,000 after acquiring an additional 156,697 shares during the last quarter.

Cartesian Growth Corp III Stock Performance

NASDAQ CGCT opened at $12.24 on Tuesday. Cartesian Growth Corp III has a twelve month low of $9.26 and a twelve month high of $15.30. The firm has a market cap of $422.28 million and a P/E ratio of 51.00. The firm’s fifty day moving average price is $10.69.

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

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.