Cartesian Growth Corp III (NASDAQ:CGCT) Announces Quarterly Earnings Results

Cartesian Growth Corp III (NASDAQ:CGCT) posted its quarterly earnings data on Friday. The company reported $0.05 earnings per share for the quarter, Zacks reports.

Cartesian Growth Corp III Stock Down 0.1%

Shares of NASDAQ CGCT opened at $10.38 on Friday. Cartesian Growth Corp III has a twelve month low of $10.00 and a twelve month high of $10.44. The firm has a market cap of $358.11 million and a P/E ratio of 54.63. The firm has a 50-day simple moving average of $10.30.

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on shares of Cartesian Growth Corp III in a report on Monday, January 26th. They issued a “sell (e+)” rating for the company. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Cartesian Growth Corp III

A number of institutional investors and hedge funds have recently bought and sold shares of CGCT. Marex Group plc acquired a new stake in Cartesian Growth Corp III in the 4th quarter valued at about $309,000. Harraden Circle Investments LLC acquired a new stake in Cartesian Growth Corp III in the 4th quarter valued at about $3,124,000. Evercore Wealth Management LLC acquired a new stake in Cartesian Growth Corp III in the 4th quarter valued at about $104,000. Fort Baker Capital Management LP acquired a new stake in Cartesian Growth Corp III in the 4th quarter valued at about $26,037,000. Finally, Cantor Fitzgerald L. P. acquired a new stake in Cartesian Growth Corp III in the 4th quarter valued at about $7,300,000.

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.