Crossingbridge Advisors LLC cut its stake in shares of Cartesian Growth Co. II (NASDAQ:RENE - Free Report) by 73.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 212,111 shares of the company's stock after selling 578,152 shares during the quarter. Cartesian Growth Co. II makes up approximately 0.8% of Crossingbridge Advisors LLC's portfolio, making the stock its 26th biggest position. Crossingbridge Advisors LLC owned 0.98% of Cartesian Growth Co. II worth $2,473,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. Spartan Fund Management Inc. purchased a new stake in Cartesian Growth Co. II during the 4th quarter worth about $295,000. Alpine Global Management LLC acquired a new position in Cartesian Growth Co. II in the fourth quarter valued at approximately $2,332,000. Mizuho Securities USA LLC raised its holdings in Cartesian Growth Co. II by 7.1% during the fourth quarter. Mizuho Securities USA LLC now owns 1,057,800 shares of the company's stock worth $12,270,000 after purchasing an additional 70,300 shares in the last quarter. Finally, Virtu Financial LLC boosted its holdings in shares of Cartesian Growth Co. II by 161.1% in the 4th quarter. Virtu Financial LLC now owns 26,824 shares of the company's stock valued at $313,000 after buying an additional 16,552 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.
Cartesian Growth Co. II Price Performance
RENE traded down $0.01 on Thursday, reaching $11.93. The company had a trading volume of 100,037 shares, compared to its average volume of 81,819. Cartesian Growth Co. II has a 1 year low of $11.21 and a 1 year high of $11.94. The stock has a 50-day moving average price of $11.84 and a 200-day moving average price of $11.72.
About Cartesian Growth Co. II
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Free Report)
Cartesian Growth Corp. II operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on October 13, 2021 and is headquartered in New York, NY.
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