Cartesian Growth Corp III (NASDAQ:CGCT) Posts 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 firm had revenue of $2.71 million during the quarter.

Cartesian Growth Corp III Price Performance

NASDAQ:CGCT opened at $10.26 on Monday. Cartesian Growth Corp III has a 52 week low of $10.00 and a 52 week high of $10.42.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings initiated coverage on Cartesian Growth Corp III in a report on Monday, January 26th. They set a “sell (e+)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Harraden Circle Investments LLC acquired a new stake in Cartesian Growth Corp III during the fourth quarter valued at approximately $3,124,000. Fort Baker Capital Management LP acquired a new position in shares of Cartesian Growth Corp III in the 4th quarter worth approximately $26,037,000. Cantor Fitzgerald L. P. acquired a new position in shares of Cartesian Growth Corp III in the 4th quarter worth approximately $7,300,000. Rivernorth Capital Management LLC lifted its position in shares of Cartesian Growth Corp III by 23.1% during the 4th quarter. Rivernorth Capital Management LLC now owns 133,142 shares of the company’s stock worth $1,371,000 after buying an additional 24,999 shares during the period. Finally, Marex Group plc acquired a new stake in Cartesian Growth Corp III in the 4th quarter valued at $309,000.

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.