AQR Arbitrage LLC lowered its stake in Nabors Energy Transition Corp. II (NASDAQ:NETD - Free Report) by 11.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,061,798 shares of the company's stock after selling 278,199 shares during the quarter. AQR Arbitrage LLC owned about 5.41% of Nabors Energy Transition Corp. II worth $22,267,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Wolverine Asset Management LLC raised its stake in shares of Nabors Energy Transition Corp. II by 2.5% during the 4th quarter. Wolverine Asset Management LLC now owns 634,474 shares of the company's stock worth $6,852,000 after purchasing an additional 15,438 shares in the last quarter. Berkley W R Corp boosted its position in shares of Nabors Energy Transition Corp. II by 15.7% in the fourth quarter. Berkley W R Corp now owns 565,987 shares of the company's stock valued at $6,113,000 after acquiring an additional 76,721 shares during the period. Decagon Asset Management LLP acquired a new stake in shares of Nabors Energy Transition Corp. II in the fourth quarter worth $5,184,000. Mizuho Securities USA LLC bought a new stake in Nabors Energy Transition Corp. II in the 4th quarter valued at $2,954,000. Finally, Geode Capital Management LLC grew its position in Nabors Energy Transition Corp. II by 7.8% in the 4th quarter. Geode Capital Management LLC now owns 30,176 shares of the company's stock worth $326,000 after purchasing an additional 2,194 shares during the last quarter. 75.52% of the stock is owned by institutional investors and hedge funds.
Nabors Energy Transition Corp. II Stock Performance
Shares of NASDAQ:NETD traded down $0.01 during trading on Tuesday, hitting $11.02. 14,749 shares of the stock were exchanged, compared to its average volume of 154,297. The company's fifty day simple moving average is $10.97 and its 200-day simple moving average is $10.85. The company has a market capitalization of $419.95 million, a price-to-earnings ratio of 36.72 and a beta of -0.02. Nabors Energy Transition Corp. II has a 1-year low of $10.50 and a 1-year high of $11.10.
Nabors Energy Transition Corp. II (NASDAQ:NETD - Get Free Report) last posted its quarterly earnings data on Tuesday, April 1st. The company reported $0.01 earnings per share for the quarter.
Nabors Energy Transition Corp. II Company Profile
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Free Report)
Nabors Energy Transition Corp. II focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to identify solutions, opportunities, companies, or technologies that focus on advancing the energy transition that facilitate, improve, or complement the reduction of carbon or greenhouse gas emissions.
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