Sona Asset Management US LLC Invests $2.61 Million in CO2 Energy Transition Corp. $NOEM

Sona Asset Management US LLC acquired a new stake in CO2 Energy Transition Corp. (NASDAQ:NOEM) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 252,019 shares of the company’s stock, valued at approximately $2,613,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. L1 Global Manager Pty Ltd acquired a new position in CO2 Energy Transition during the fourth quarter valued at approximately $1,441,000. Flow Traders U.S. LLC grew its stake in CO2 Energy Transition by 11.9% in 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 in the last quarter. Toronto Dominion Bank increased its position in shares of CO2 Energy Transition by 59.1% during the 4th quarter. Toronto Dominion Bank now owns 511,082 shares of the company’s stock worth $5,259,000 after purchasing an additional 189,784 shares during the last quarter. Clear Street Group Inc. increased its position in shares of CO2 Energy Transition by 96.5% during the 4th quarter. Clear Street Group Inc. now owns 21,139 shares of the company’s stock worth $218,000 after purchasing an additional 10,381 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its stake in shares of CO2 Energy Transition by 30.9% during the 4th quarter. Wolverine Asset Management LLC now owns 72,779 shares of the company’s stock worth $749,000 after purchasing an additional 17,196 shares in the last quarter.

Wall Street Analyst Weigh In

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

CO2 Energy Transition Price Performance

CO2 Energy Transition stock opened at $10.86 on Monday. The firm has a market capitalization of $104.10 million, a PE ratio of 67.85 and a beta of 0.02. The company’s 50-day moving average is $10.46 and its 200-day moving average is $10.40. CO2 Energy Transition Corp. has a fifty-two week low of $10.08 and a fifty-two week high of $11.02.

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

CO2 Energy Transition Company Profile

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.