OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 50,396 Shares of NewHold Investment Corp III $NHIC

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in NewHold Investment Corp III (NASDAQ:NHIC) by 13.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 324,604 shares of the company’s stock after selling 50,396 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.18% of NewHold Investment Corp III worth $3,363,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Clear Street Group Inc. bought a new stake in shares of NewHold Investment Corp III in the third quarter valued at approximately $67,000. Sandia Investment Management LP acquired a new stake in shares of NewHold Investment Corp III during the 2nd quarter worth $254,000. Alyeska Investment Group L.P. acquired a new stake in shares of NewHold Investment Corp III during the 3rd quarter worth $450,000. JPMorgan Chase & Co. acquired a new stake in shares of NewHold Investment Corp III during the 2nd quarter worth $1,015,000. Finally, Context Capital Management LLC acquired a new stake in shares of NewHold Investment Corp III during the 3rd quarter worth $1,018,000.

Analysts Set New Price Targets

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

NewHold Investment Corp III Price Performance

Shares of NASDAQ:NHIC opened at $11.00 on Tuesday. NewHold Investment Corp III has a 1 year low of $10.15 and a 1 year high of $11.60. The stock has a market capitalization of $303.71 million, a price-to-earnings ratio of 91.67 and a beta of 0.21. The company’s 50 day simple moving average is $10.66 and its 200 day simple moving average is $10.48.

NewHold Investment Corp III (NASDAQ:NHIC) last released its earnings results on Monday, May 18th. The company reported $0.03 earnings per share for the quarter. The business 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.