L1 Global Manager Pty Ltd Makes New Investment in CO2 Energy Transition Corp. $NOEM

L1 Global Manager Pty Ltd bought a new position in CO2 Energy Transition Corp. (NASDAQ:NOEM) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 140,000 shares of the company’s stock, valued at approximately $1,441,000. CO2 Energy Transition makes up about 1.0% of L1 Global Manager Pty Ltd’s portfolio, making the stock its 29th largest holding.

A number of other hedge funds have also added to or reduced their stakes in NOEM. Clear Street Group Inc. bought a new position in CO2 Energy Transition in the 3rd quarter worth about $110,000. Flow Traders U.S. LLC grew its stake in CO2 Energy Transition by 11.9% in the 3rd quarter. Flow Traders U.S. LLC now owns 14,829 shares of the company’s stock worth $151,000 after acquiring an additional 1,578 shares in the last quarter. Dakota Wealth Management grew its stake in CO2 Energy Transition by 11.7% in the 4th quarter. Dakota Wealth Management now owns 28,550 shares of the company’s stock worth $294,000 after acquiring an additional 3,000 shares in the last quarter. Radcliffe Capital Management L.P. bought a new position in CO2 Energy Transition in the 3rd quarter worth about $308,000. Finally, Wolverine Asset Management LLC grew its stake in CO2 Energy Transition by 30.9% in the 4th quarter. Wolverine Asset Management LLC now owns 72,779 shares of the company’s stock worth $749,000 after acquiring an additional 17,196 shares in the last quarter.

CO2 Energy Transition Stock Performance

NASDAQ NOEM opened at $10.40 on Friday. The company has a market capitalization of $99.76 million, a price-to-earnings ratio of 65.02 and a beta of 0.01. The company’s 50-day simple moving average is $10.41 and its two-hundred day simple moving average is $10.36. CO2 Energy Transition Corp. has a one year low of $10.04 and a one year high of $10.50.

CO2 Energy Transition (NASDAQ:NOEM) last posted its earnings results on Thursday, May 14th. The company reported $0.03 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of CO2 Energy Transition in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, CO2 Energy Transition has an average rating of “Sell”.

CO2 Energy Transition Company Profile

CO2 Energy Transition, Inc is a special purpose acquisition company organized under the laws of the State of Delaware. Listed on the NASDAQ under the ticker symbol NOEM, the company’s mission is to identify, acquire, and merge with one or more businesses operating in the climate technology and energy transition sectors. By targeting companies at the forefront of decarbonization, CO2 Energy Transition seeks to position itself as a strategic partner in the development and commercialization of solutions that reduce greenhouse gas emissions.

Although the company has not yet announced a definitive business combination, its investment mandate encompasses a broad range of activities within the clean energy ecosystem.