AleAnna (NASDAQ:ANNA) Releases Quarterly Earnings Results

AleAnna (NASDAQ:ANNA) issued its quarterly earnings data on Thursday. The company reported $0.05 earnings per share for the quarter, reports. The business had revenue of $9.34 million during the quarter. AleAnna had a net margin of 7.19% and a return on equity of 3.31%.

AleAnna Stock Down 3.4%

ANNA stock opened at $3.69 on Friday. The company has a fifty day moving average price of $4.91 and a 200 day moving average price of $3.62. AleAnna has a 12 month low of $2.31 and a 12 month high of $11.01. The company has a market cap of $245.95 million, a price-to-earnings ratio of 92.27 and a beta of -1.59. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.93 and a quick ratio of 1.93.

Insider Transactions at AleAnna

In other AleAnna news, major shareholder C John Wilder sold 91,373 shares of the business’s stock in a transaction 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 directly owned 30,359 shares of the company’s stock, valued at approximately $115,667.79. The trade was a 75.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 325,784 shares of company stock valued at $1,224,557. Insiders own 42.90% of the company’s stock.

Hedge Funds Weigh In On AleAnna

Institutional investors and hedge funds have recently made changes to their positions in the stock. Keel Point LLC acquired a new position in shares of AleAnna during the 2nd quarter worth $79,000. Goldman Sachs Group Inc. purchased a new position in AleAnna in the 1st quarter valued at about $94,000. Wesbanco Bank Inc. purchased a new position in AleAnna in the 1st quarter valued at about $166,000. Finally, Carlson Capital L.P. purchased a new position in AleAnna in the 3rd quarter valued at about $362,000. 38.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of AleAnna in a research report on Wednesday, January 21st. Wall Street Zen upgraded shares of AleAnna to a “hold” rating in a research report on Saturday, April 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus 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.