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

AleAnna Inc. (NASDAQ:ANNA) major shareholder C John Wilder sold 91,373 shares of AleAnna stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $3.81, for a total value of $348,131.13. Following the completion of the sale, the insider directly owned 30,359 shares of the company’s stock, valued at approximately $115,667.79. This trade represents a 75.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 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 Monday, March 2nd, C John Wilder sold 22,224 shares of AleAnna stock. The shares were sold at an average price of $3.41, for a total value of $75,783.84.

AleAnna Stock Performance

NASDAQ:ANNA opened at $3.55 on Wednesday. The business’s 50-day moving average price is $2.70 and its two-hundred day moving average price is $3.36. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.03. The stock has a market cap of $236.61 million, a P/E ratio of 88.75 and a beta of -0.02. AleAnna Inc. has a twelve month low of $2.31 and a twelve month high of $18.30.

Hedge Funds Weigh In On AleAnna

A number of hedge funds have recently added to or reduced their stakes in ANNA. Goldman Sachs Group Inc. purchased a new position in shares of AleAnna in the 1st quarter valued at $94,000. NewGen Equity Long Short Fund acquired a new position in AleAnna in the 2nd quarter worth approximately $204,000. Keel Point LLC acquired a new stake in AleAnna during the 2nd quarter worth about $79,000. Finally, Carlson Capital L.P. purchased a new stake in AleAnna in the 3rd quarter worth approximately $362,000. 38.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

About AleAnna

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.