Wolverine Asset Management LLC Cuts Stock Holdings in Cartesian Growth Corp III $CGCT

Wolverine Asset Management LLC reduced its position in shares of Cartesian Growth Corp III (NASDAQ:CGCT) by 87.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,312 shares of the company’s stock after selling 305,736 shares during the period. Wolverine Asset Management LLC’s holdings in Cartesian Growth Corp III were worth $466,000 as of its most recent SEC filing.

Separately, UBS Group AG raised its holdings 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 worth $2,222,000 after purchasing an additional 156,697 shares in the last quarter.

Cartesian Growth Corp III Stock Performance

Shares of Cartesian Growth Corp III stock opened at $10.41 on Thursday. Cartesian Growth Corp III has a 12-month low of $10.00 and a 12-month high of $10.44. The stock has a market capitalization of $359.15 million and a PE ratio of 54.79. The firm has a 50-day moving average of $10.28.

Cartesian Growth Corp III (NASDAQ:CGCT) last issued its earnings results on Saturday, March 21st. The company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $2.71 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on shares of Cartesian Growth Corp III in a report on Monday, January 26th. They set a “sell (e+)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Cartesian Growth Corp III currently has a consensus rating of “Sell”.

Cartesian Growth Corp III Profile

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.