AleAnna (NASDAQ:ANNA) Major Shareholder C John Wilder Sells 91,373 Shares of Stock

AleAnna Inc. (NASDAQ:ANNA) major shareholder C John Wilder sold 91,373 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $3.81, for a total value of $348,131.13. Following the transaction, the insider owned 30,359 shares of the company’s stock, valued at $115,667.79. This trade represents a 75.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

C John Wilder also recently made the following trade(s):

• On Friday, February 27th, C John Wilder sold 33,176 shares of AleAnna stock. The shares were sold at an average price of $3.36, for a total value of $111,471.36.
• On Monday, March 2nd, C John Wilder sold 22,224 shares of AleAnna stock. The stock was sold at an average price of $3.41, for a total value of $75,783.84.

AleAnna Trading Up 15.8%

Shares of ANNA stock traded up $0.51 on Thursday, reaching $3.73. 141,376 shares of the company’s stock were exchanged, compared to its average volume of 73,347. The company’s fifty day simple moving average is $2.71 and its 200 day simple moving average is $3.36. AleAnna Inc. has a 52 week low of $2.31 and a 52 week high of $18.30. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $248.60 million, a PE ratio of 93.25 and a beta of -0.02.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Keel Point LLC purchased a new stake in shares of AleAnna in the 2nd quarter worth $79,000. Goldman Sachs Group Inc. purchased a new position in shares of AleAnna during the first quarter valued at $94,000. NewGen Equity Long Short Fund bought a new stake in shares of AleAnna in the second quarter valued at about $204,000. Finally, Carlson Capital L.P. lifted its stake in AleAnna by 7.0% in the fourth quarter. Carlson Capital L.P. now owns 92,000 shares of the company’s stock worth $265,000 after acquiring an additional 6,000 shares during the period. Institutional investors own 38.10% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of AleAnna in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

AleAnna Company Profile

AleAnna, Inc engages in oil and gas exploration and production activities. It focuses on Italy’s natural gas reserves and developing renewable energy solutions. The company was founded in 2007 and is headquartered in Dallas, TX.