Alberta Investment Management Sells 1,250,000 Shares of Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) Stock

Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) major shareholder Alberta Investment Management sold 1,250,000 shares of the stock in a transaction on Friday, April 19th. The shares were sold at an average price of $10.78, for a total value of $13,475,000.00. Following the completion of the transaction, the insider now directly owns 1,325,000 shares in the company, valued at approximately $14,283,500. The transaction was disclosed in a filing with the SEC, which can be accessed through 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.

Screaming Eagle Acquisition Price Performance

Shares of Screaming Eagle Acquisition stock opened at $10.77 on Thursday. Screaming Eagle Acquisition Corp. has a 12 month low of $10.06 and a 12 month high of $11.07. The stock’s fifty day simple moving average is $10.69 and its 200 day simple moving average is $10.61.

Institutional Trading of Screaming Eagle Acquisition

Hedge funds have recently added to or reduced their stakes in the business. K2 Principal Fund L.P. acquired a new stake in Screaming Eagle Acquisition during the 3rd quarter worth $121,000. Firethorn Wealth Partners LLC raised its stake in Screaming Eagle Acquisition by 17.2% during the 3rd quarter. Firethorn Wealth Partners LLC now owns 20,660 shares of the company’s stock worth $216,000 after buying an additional 3,030 shares during the period. ADAR1 Capital Management LLC bought a new position in Screaming Eagle Acquisition during the 4th quarter worth about $318,000. Deutsche Bank AG increased its holdings in Screaming Eagle Acquisition by 95.0% during the 3rd quarter. Deutsche Bank AG now owns 102,612 shares of the company’s stock worth $1,073,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Ursa Fund Management LLC bought a new position in Screaming Eagle Acquisition during the 4th quarter worth about $1,298,000. Institutional investors and hedge funds own 73.98% of the company’s stock.

Screaming Eagle Acquisition Company Profile

Screaming Eagle Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.