Highbridge Capital Management LLC Invests $20.58 Million in Cartesian Growth Corp III $CGCT

Highbridge Capital Management LLC acquired a new position in shares of Cartesian Growth Corp III (NASDAQ:CGCT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,000,000 shares of the company’s stock, valued at approximately $20,580,000. Highbridge Capital Management LLC owned 0.06% of Cartesian Growth Corp III as of its most recent SEC filing.

Separately, UBS Group AG increased its position in shares of 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 buying an additional 156,697 shares during the period.

Cartesian Growth Corp III Stock Performance

CGCT opened at $11.90 on Friday. Cartesian Growth Corp III has a twelve month low of $9.26 and a twelve month high of $15.30. The business’s fifty day moving average price is $10.65. The firm has a market capitalization of $410.55 million and a PE ratio of 49.59.

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