Clear Street Group Inc. Trims Holdings in Cartesian Growth Corp III $CGCT

Clear Street Group Inc. decreased its stake in shares of Cartesian Growth Corp III (NASDAQ:CGCT) by 44.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 100,000 shares of the company’s stock after selling 78,422 shares during the period. Clear Street Group Inc.’s holdings in Cartesian Growth Corp III were worth $1,030,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Marex Group plc purchased a new stake in Cartesian Growth Corp III in the fourth quarter worth about $309,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Cartesian Growth Corp III in the 4th quarter worth $1,030,000. L1 Global Manager Pty Ltd purchased a new stake in shares of Cartesian Growth Corp III during the 4th quarter worth $2,059,000. UBS Group AG boosted its position in Cartesian Growth Corp III by 264.9% during the fourth quarter. UBS Group AG now owns 215,841 shares of the company’s stock valued at $2,222,000 after purchasing an additional 156,697 shares in the last quarter. Finally, Harraden Circle Investments LLC purchased a new position in shares of Cartesian Growth Corp III in the 4th quarter worth approximately $3,124,000.

Cartesian Growth Corp III Stock Performance

Shares of CGCT opened at $15.33 on Monday. The firm’s fifty day simple moving average is $11.25. Cartesian Growth Corp III has a 12 month low of $9.26 and a 12 month high of $15.30. The stock has a market cap of $528.89 million and a price-to-earnings ratio of 63.88.

Cartesian Growth Corp III (NASDAQ:CGCT) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.05 earnings per share for the quarter. The business 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.