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 firm’s stock in a transaction that occurred 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 sale, the insider now owns 1,325,000 shares of the company’s stock, valued at approximately $14,283,500. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Screaming Eagle Acquisition Stock Performance

Shares of NASDAQ SCRM opened at $10.77 on Thursday. Screaming Eagle Acquisition Corp. has a fifty-two week low of $10.06 and a fifty-two week high of $11.07. The business has a 50 day moving average price of $10.69 and a two-hundred day moving average price of $10.61.

Institutional Investors Weigh In On Screaming Eagle Acquisition

Hedge funds have recently bought and sold shares of the business. K2 Principal Fund L.P. acquired a new stake in Screaming Eagle Acquisition during the 3rd quarter valued at approximately $121,000. Firethorn Wealth Partners LLC boosted its position 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 valued at $216,000 after purchasing an additional 3,030 shares during the period. ADAR1 Capital Management LLC acquired a new position in Screaming Eagle Acquisition during the 4th quarter valued at approximately $318,000. Deutsche Bank AG boosted its position in Screaming Eagle Acquisition by 95.0% during the 3rd quarter. Deutsche Bank AG now owns 102,612 shares of the company’s stock valued at $1,073,000 after purchasing an additional 50,000 shares during the period. Finally, Ursa Fund Management LLC acquired a new position in Screaming Eagle Acquisition during the 4th quarter valued at approximately $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.