AleAnna (NASDAQ:ANNA) Posts Earnings Results

AleAnna (NASDAQ:ANNA) announced its quarterly earnings data on Thursday. The company reported $0.06 EPS for the quarter, FiscalAI reports. AleAnna had a net margin of 17.43% and a return on equity of 10.22%. The firm had revenue of $10.22 million during the quarter.

AleAnna Trading Up 5.4%

Shares of ANNA traded up $0.14 during mid-day trading on Friday, reaching $2.63. The company had a trading volume of 78,991 shares, compared to its average volume of 1,952,622. The stock has a market cap of $175.62 million, a price-to-earnings ratio of 18.82 and a beta of -1.62. The firm has a fifty day simple moving average of $2.97 and a 200-day simple moving average of $3.64. AleAnna has a fifty-two week low of $2.31 and a fifty-two week high of $10.64.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of AleAnna from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, AleAnna currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On AleAnna

Large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. purchased a new stake in AleAnna during the 1st quarter worth $94,000. Keel Point LLC acquired a new stake in shares of AleAnna during the second quarter valued at about $79,000. Carlson Capital L.P. increased its position in shares of AleAnna by 7.0% during 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 last quarter. Wesbanco Bank Inc. acquired a new position in shares of AleAnna in the first quarter worth about $166,000. Finally, Royal Bank of Canada acquired a new position in shares of AleAnna in the first quarter worth about $242,000. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

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.