NewGen Equity Long Short Fund Invests $204,000 in AleAnna Inc. $ANNA

NewGen Equity Long Short Fund purchased a new position in AleAnna Inc. (NASDAQ:ANNA) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 28,283 shares of the company’s stock, valued at approximately $204,000. AleAnna accounts for about 0.1% of NewGen Equity Long Short Fund’s portfolio, making the stock its 23rd largest holding.

Separately, Goldman Sachs Group Inc. acquired a new position in shares of AleAnna during the 1st quarter worth $94,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

AleAnna Stock Up 4.7%

ANNA stock opened at $3.32 on Wednesday. The stock has a market capitalization of $221.29 million, a P/E ratio of 83.00 and a beta of -0.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.00 and a current ratio of 2.00. AleAnna Inc. has a one year low of $3.10 and a one year high of $18.70. The company has a 50 day moving average price of $3.86 and a two-hundred day moving average price of $5.72.

AleAnna (NASDAQ:ANNA) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.08 earnings per share for the quarter. The company had revenue of $11.22 million for the quarter. AleAnna had a negative return on equity of 14.90% and a negative net margin of 46.01%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of AleAnna in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company 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.