AleAnna (NASDAQ:ANNA) Major Shareholder Sells $115,547.30 in Stock

Key Points

• C. John Wilder, a major shareholder, sold a total of about 325,784 shares across several trades (including 34,595 on Mar 4), totaling roughly $1.225 million30.3 million shares, a ~0.11% reduction in ownership valued at about $101.2 million.
• AleAnna shares traded up to $4.09 on Friday on unusually heavy volume (~4.03 million shares vs. a 177,159 average), while analysts maintain a consensus "Sell" rating (Weiss Ratings reissued a "sell (e+)").

AleAnna Inc. (NASDAQ:ANNA - Get Free Report) major shareholder C John Wilder sold 34,595 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $3.34, for a total transaction of $115,547.30. Following the completion of the sale, the insider directly owned 30,297,356 shares of the company's stock, valued at approximately $101,193,169.04. This trade represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

C John Wilder also recently made the following trade(s):

• On Friday, March 6th, C John Wilder sold 82,260 shares of AleAnna stock. The stock was sold at an average price of $4.17, for a total value of $343,024.20.
• On Thursday, March 5th, C John Wilder sold 62,156 shares of AleAnna stock. The shares were sold at an average price of $3.71, for a total transaction of $230,598.76.
• On Friday, February 27th, C John Wilder sold 33,176 shares of AleAnna stock. The shares were sold at an average price of $3.36, for a total transaction of $111,471.36.
• On Tuesday, March 3rd, C John Wilder sold 91,373 shares of AleAnna stock. The stock was sold at an average price of $3.81, for a total transaction of $348,131.13.
• 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 Price Performance

NASDAQ:ANNA traded up $0.25 during trading hours on Friday, reaching $4.09. The stock had a trading volume of 4,031,335 shares, compared to its average volume of 177,159. The stock has a market capitalization of $272.61 million, a PE ratio of 102.25 and a beta of -0.02. AleAnna Inc. has a 52 week low of $2.31 and a 52 week high of $18.30. The company has a 50 day moving average price of $2.73 and a two-hundred day moving average price of $3.36. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.00 and a current ratio of 2.00.

Hedge Funds Weigh In On AleAnna

A number of large investors have recently made changes to their positions in the company. Carlson Capital L.P. grew its stake 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 valued at $265,000 after buying an additional 6,000 shares during the last quarter. Keel Point LLC bought a new position in AleAnna in the 2nd quarter valued at $79,000. NewGen Equity Long Short Fund purchased a new stake in AleAnna in the second quarter worth $204,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of AleAnna during the first quarter worth $94,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of AleAnna in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of "Sell".

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.

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