D. E. Shaw & Co. Inc. Increases Stock Position in Nabors Energy Transition Corp. II (NASDAQ:NETD)

D. E. Shaw & Co. Inc. increased its holdings in Nabors Energy Transition Corp. II (NASDAQ:NETD) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,459,229 shares of the company’s stock after buying an additional 75,000 shares during the period. D. E. Shaw & Co. Inc. owned 3.83% of Nabors Energy Transition Corp. II worth $15,760,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of NETD. Quarry LP purchased a new stake in shares of Nabors Energy Transition Corp. II during the fourth quarter worth $128,000. Geode Capital Management LLC raised its stake in shares of Nabors Energy Transition Corp. II by 51.9% during the 3rd quarter. Geode Capital Management LLC now owns 27,982 shares of the company’s stock valued at $298,000 after purchasing an additional 9,557 shares during the period. Centiva Capital LP purchased a new stake in Nabors Energy Transition Corp. II during the 4th quarter worth about $1,959,000. Mizuho Securities USA LLC bought a new position in Nabors Energy Transition Corp. II in the 4th quarter worth about $2,954,000. Finally, Bulldog Investors LLP boosted its stake in Nabors Energy Transition Corp. II by 14.0% in the 4th quarter. Bulldog Investors LLP now owns 281,360 shares of the company’s stock worth $3,043,000 after purchasing an additional 34,454 shares during the period. 75.52% of the stock is currently owned by hedge funds and other institutional investors.

Nabors Energy Transition Corp. II Price Performance

NETD stock opened at $11.03 on Tuesday. The stock has a 50-day simple moving average of $10.98 and a two-hundred day simple moving average of $10.87. Nabors Energy Transition Corp. II has a twelve month low of $10.50 and a twelve month high of $11.10. The firm has a market capitalization of $420.52 million, a PE ratio of 36.77 and a beta of -0.02.

Nabors Energy Transition Corp. II (NASDAQ:NETD) last issued its quarterly earnings data on Tuesday, April 1st. The company reported $0.01 EPS for the quarter.

Nabors Energy Transition Corp. II Profile

Nabors Energy Transition Corp. II focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to identify solutions, opportunities, companies, or technologies that focus on advancing the energy transition that facilitate, improve, or complement the reduction of carbon or greenhouse gas emissions.