Nabors Energy Transition Corp. II $NETD Holdings Cut by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its stake in Nabors Energy Transition Corp. II by 8.4%, owning approximately 1.36% of the company after selling nearly 48,000 shares in the 1st quarter.
• Institutional investors collectively hold 75.52% of Nabors Energy Transition Corp. II, indicating strong interest from larger funds in the company.
• Nabors Energy Transition Corp. II has a market cap of $431.29 million and reported an earnings per share (EPS) of $0.06 in its last quarterly earnings announcement.

Deutsche Bank AG lessened its stake in shares of Nabors Energy Transition Corp. II (NASDAQ:NETD - Free Report) by 8.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 520,072 shares of the company's stock after selling 47,778 shares during the quarter. Deutsche Bank AG owned about 1.36% of Nabors Energy Transition Corp. II worth $5,695,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NETD. Toronto Dominion Bank bought a new stake in Nabors Energy Transition Corp. II during the fourth quarter worth approximately $13,661,000. D. E. Shaw & Co. Inc. boosted its holdings in Nabors Energy Transition Corp. II by 5.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,459,229 shares of the company's stock worth $15,760,000 after buying an additional 75,000 shares in the last quarter. Centiva Capital LP bought a new stake in Nabors Energy Transition Corp. II during the fourth quarter worth approximately $1,959,000. Bulldog Investors LLP boosted its holdings in Nabors Energy Transition Corp. II by 14.0% during the fourth quarter. Bulldog Investors LLP now owns 281,360 shares of the company's stock worth $3,043,000 after buying an additional 34,454 shares in the last quarter. Finally, Berkley W R Corp boosted its holdings in Nabors Energy Transition Corp. II by 15.7% during the fourth quarter. Berkley W R Corp now owns 565,987 shares of the company's stock worth $6,113,000 after buying an additional 76,721 shares in the last quarter. Institutional investors and hedge funds own 75.52% of the company's stock.

Insider Transactions at Nabors Energy Transition Corp. II

In other Nabors Energy Transition Corp. II news, major shareholder Mizuho Securities Usa Llc sold 565,000 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $11.18, for a total value of $6,316,700.00. Following the completion of the sale, the insider owned 1,235,000 shares in the company, valued at $13,807,300. This represents a 31.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 20.00% of the stock is currently owned by insiders.

Nabors Energy Transition Corp. II Price Performance

NASDAQ:NETD remained flat at $11.25 during trading hours on Thursday. 75 shares of the company were exchanged, compared to its average volume of 17,696. The stock has a market cap of $428.85 million, a P/E ratio of 59.21 and a beta of -0.02. Nabors Energy Transition Corp. II has a 1 year low of $10.57 and a 1 year high of $11.47. The stock has a 50 day moving average price of $11.17 and a 200-day moving average price of $11.05.

Nabors Energy Transition Corp. II (NASDAQ:NETD - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.06 EPS for the quarter.

Nabors Energy Transition Corp. II Profile

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.