Schechter Investment Advisors LLC lessened its stake in Nabors Energy Transition Corp. II (NASDAQ:NETD - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,396,492 shares of the company's stock after selling 108,295 shares during the quarter. Nabors Energy Transition Corp. II comprises about 2.2% of Schechter Investment Advisors LLC's holdings, making the stock its 9th largest holding. Schechter Investment Advisors LLC owned 6.29% of Nabors Energy Transition Corp. II worth $26,242,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Toronto Dominion Bank acquired a new stake in shares of Nabors Energy Transition Corp. II in the fourth quarter valued at $13,661,000. Decagon Asset Management LLP purchased a new position in Nabors Energy Transition Corp. II in the fourth quarter valued at $5,184,000. Mizuho Securities USA LLC purchased a new position in Nabors Energy Transition Corp. II in the fourth quarter valued at $2,954,000. Centiva Capital LP purchased a new position in Nabors Energy Transition Corp. II in the fourth quarter valued at $1,959,000. Finally, Berkley W R Corp boosted its holdings in 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 purchasing an additional 76,721 shares during the period. Institutional investors and hedge funds own 75.52% of the company's stock.
Nabors Energy Transition Corp. II Stock Performance
NASDAQ NETD traded down $0.15 during trading on Friday, reaching $11.09. 5,986 shares of the company's stock were exchanged, compared to its average volume of 168,785. The stock has a market cap of $422.75 million, a P/E ratio of 50.41 and a beta of -0.02. The company has a 50 day moving average price of $11.07 and a two-hundred day moving average price of $10.97. Nabors Energy Transition Corp. II has a 1 year low of $10.56 and a 1 year high of $11.34.
Nabors Energy Transition Corp. II (NASDAQ:NETD - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.02 earnings per share (EPS) 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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