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

Cartesian Growth Corp III (NASDAQ:CGCT) posted its quarterly earnings results on Saturday. The company reported $0.06 EPS for the quarter, FiscalAI reports. The company had revenue of $2.71 million during the quarter.

Cartesian Growth Corp III Price Performance

Shares of NASDAQ CGCT opened at $10.26 on Monday. Cartesian Growth Corp III has a twelve month low of $10.00 and a twelve month high of $10.42.

Institutional Trading of Cartesian Growth Corp III

Several institutional investors and hedge funds have recently made changes to their positions in the company. Evercore Wealth Management LLC bought a new position in Cartesian Growth Corp III during the 4th quarter worth about $104,000. PenderFund Capital Management Ltd. bought a new stake in shares of Cartesian Growth Corp III in the 4th quarter valued at about $234,000. Rivernorth Capital Management LLC lifted its position in shares of Cartesian Growth Corp III by 23.1% in the 4th quarter. Rivernorth Capital Management LLC now owns 133,142 shares of the company’s stock worth $1,371,000 after purchasing an additional 24,999 shares during the period. Readystate Asset Management LP purchased a new stake in shares of Cartesian Growth Corp III in the 4th quarter worth approximately $257,000. Finally, Marex Group plc bought a new position in shares of Cartesian Growth Corp III during the fourth quarter valued at approximately $309,000.

Analyst Ratings Changes

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

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.