OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.36 Million Position in NewHold Investment Corp III $NHIC

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in shares of NewHold Investment Corp III (NASDAQ:NHIC) by 13.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 324,604 shares of the company’s stock after selling 50,396 shares during the quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.18% of NewHold Investment Corp III worth $3,363,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NHIC. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of NewHold Investment Corp III in the 4th quarter worth approximately $4,146,000. Radcliffe Capital Management L.P. increased its position in shares of NewHold Investment Corp III by 13.7% during the fourth quarter. Radcliffe Capital Management L.P. now owns 560,971 shares of the company’s stock valued at $5,814,000 after purchasing an additional 67,767 shares during the period. L1 Global Manager Pty Ltd bought a new stake in shares of NewHold Investment Corp III during the fourth quarter valued at approximately $1,555,000. Karpus Management Inc. bought a new stake in shares of NewHold Investment Corp III during the second quarter valued at approximately $1,207,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of NewHold Investment Corp III in the second quarter valued at $1,015,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised NewHold Investment Corp III from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, NewHold Investment Corp III has a consensus rating of “Sell”.

NewHold Investment Corp III Stock Performance

Shares of NASDAQ:NHIC opened at $10.93 on Friday. NewHold Investment Corp III has a 52 week low of $10.15 and a 52 week high of $11.60. The company’s fifty day moving average is $10.71 and its 200-day moving average is $10.50. The company has a market capitalization of $301.78 million, a PE ratio of 91.08 and a beta of 0.21.

NewHold Investment Corp III (NASDAQ:NHIC) last announced its earnings results on Monday, May 18th. The company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $3.71 million for the quarter.

NewHold Investment Corp III Company Profile

NewHold Investment Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination, with one or more target businesses. The company was formerly known as NewHold Industrial Corp. and changed its name to NewHold Investment Corp. in February 2020. NewHold Investment Corp. was incorporated in 2020 and is based in Houston, Texas.