Sculptor Capital LP Acquires New Stake in Cartesian Growth Corp III $CGCT

Sculptor Capital LP acquired a new stake in shares of Cartesian Growth Corp III (NASDAQ:CGCT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 310,165 shares of the company’s stock, valued at approximately $3,193,000. Sculptor Capital LP owned 0.90% of Cartesian Growth Corp III at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Highbridge Capital Management LLC acquired a new position in shares of Cartesian Growth Corp III during the fourth quarter valued at approximately $20,580,000. Harraden Circle Investments LLC acquired a new position in shares of Cartesian Growth Corp III during the fourth quarter valued at approximately $3,124,000. K2 Principal Fund L.P. acquired a new position in shares of Cartesian Growth Corp III during the fourth quarter valued at approximately $2,575,000. UBS Group AG increased its stake 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 valued at $2,222,000 after acquiring an additional 156,697 shares during the period. Finally, Yakira Capital Management Inc. acquired a new position in shares of Cartesian Growth Corp III during the fourth quarter valued at approximately $2,160,000.

Cartesian Growth Corp III Stock Down 11.2%

NASDAQ CGCT opened at $15.33 on Tuesday. Cartesian Growth Corp III has a 12 month low of $9.26 and a 12 month high of $15.30. The firm has a market capitalization of $528.89 million and a price-to-earnings ratio of 63.88. The company’s 50 day moving average is $11.35.

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

Cartesian Growth Corp III Company 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.