Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases Shares of 100,000 Cartesian Growth Corp III $CGCT

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Cartesian Growth Corp III (NASDAQ:CGCT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 100,000 shares of the company’s stock, valued at approximately $1,030,000.

Separately, UBS Group AG grew its stake in shares of Cartesian Growth Corp III by 264.9% in 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 during the last quarter.

Cartesian Growth Corp III Stock Up 2.9%

NASDAQ CGCT opened at $12.24 on Tuesday. The firm has a market capitalization of $422.28 million and a P/E ratio of 51.00. Cartesian Growth Corp III has a twelve month low of $9.26 and a twelve month high of $15.30. The firm has a fifty day moving average of $10.69.

Cartesian Growth Corp III (NASDAQ:CGCT) last announced its earnings results on Friday, May 15th. The company reported $0.05 EPS for the quarter. The company 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.