L1 Global Manager Pty Ltd Acquires Shares of 140,000 CO2 Energy Transition Corp. $NOEM

L1 Global Manager Pty Ltd acquired a new stake in shares of CO2 Energy Transition Corp. (NASDAQ:NOEM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 140,000 shares of the company’s stock, valued at approximately $1,441,000. CO2 Energy Transition comprises 1.0% of L1 Global Manager Pty Ltd’s investment portfolio, making the stock its 29th biggest holding. L1 Global Manager Pty Ltd owned 1.46% of CO2 Energy Transition as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Flow Traders U.S. LLC lifted its position in CO2 Energy Transition by 11.9% during the third quarter. Flow Traders U.S. LLC now owns 14,829 shares of the company’s stock valued at $151,000 after purchasing an additional 1,578 shares during the last quarter. Wolverine Asset Management LLC lifted its position in CO2 Energy Transition by 30.9% during the fourth quarter. Wolverine Asset Management LLC now owns 72,779 shares of the company’s stock valued at $749,000 after purchasing an additional 17,196 shares during the last quarter. Dakota Wealth Management raised its stake in shares of CO2 Energy Transition by 11.7% in the fourth quarter. Dakota Wealth Management now owns 28,550 shares of the company’s stock valued at $294,000 after acquiring an additional 3,000 shares during the period. Clear Street Group Inc. purchased a new stake in shares of CO2 Energy Transition in the third quarter valued at $110,000. Finally, Radcliffe Capital Management L.P. purchased a new stake in shares of CO2 Energy Transition in the third quarter valued at $308,000.

CO2 Energy Transition Trading Up 0.0%

Shares of NOEM opened at $10.40 on Friday. CO2 Energy Transition Corp. has a twelve month low of $10.04 and a twelve month high of $10.50. The company has a market cap of $99.76 million, a P/E ratio of 65.02 and a beta of 0.01. The company’s fifty day simple moving average is $10.41 and its 200-day simple moving average is $10.36.

CO2 Energy Transition (NASDAQ:NOEM) last announced its earnings results on Thursday, May 14th. The company reported $0.03 earnings per share for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of CO2 Energy Transition in a research note on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

About CO2 Energy Transition

CO2 Energy Transition, Inc is a special purpose acquisition company organized under the laws of the State of Delaware. Listed on the NASDAQ under the ticker symbol NOEM, the company’s mission is to identify, acquire, and merge with one or more businesses operating in the climate technology and energy transition sectors. By targeting companies at the forefront of decarbonization, CO2 Energy Transition seeks to position itself as a strategic partner in the development and commercialization of solutions that reduce greenhouse gas emissions.

Although the company has not yet announced a definitive business combination, its investment mandate encompasses a broad range of activities within the clean energy ecosystem.