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AleAnna (NASDAQ:ANNA) Shares Down 2.8% - Here's What Happened

AleAnna logo with Medical background

Key Points

  • AleAnna Inc. (NASDAQ:ANNA) experienced a stock price decrease of 2.8%, closing at $4.21 after trading as low as $4.13.
  • The company reported $0.01 earnings per share and $4.03 million in revenue for the recent quarter.
  • Institutional investors hold 38.10% of AleAnna's stock, with notable recent acquisitions from firms including Goldman Sachs and Polar Asset Management.
  • MarketBeat previews top five stocks to own in November.

AleAnna Inc. (NASDAQ:ANNA - Get Free Report)'s share price dropped 2.8% during mid-day trading on Friday . The company traded as low as $4.13 and last traded at $4.21. Approximately 10,023 shares were traded during trading, an increase of 32% from the average daily volume of 7,611 shares. The stock had previously closed at $4.33.

AleAnna Trading Up 0.7%

The company has a market cap of $292.59 million and a P/E ratio of -219.50. The company has a current ratio of 8.26, a quick ratio of 8.26 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $4.61 and a 200-day moving average price of $7.46.

AleAnna (NASDAQ:ANNA - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $4.03 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ANNA. Polar Asset Management Partners Inc. acquired a new position in shares of AleAnna during the 4th quarter worth approximately $481,000. Sculptor Capital LP acquired a new position in shares of AleAnna during the 4th quarter worth approximately $367,000. NewGen Equity Long Short Fund acquired a new position in shares of AleAnna during the 2nd quarter worth approximately $204,000. Goldman Sachs Group Inc. acquired a new position in shares of AleAnna during the 1st quarter worth approximately $94,000. Finally, Keel Point LLC acquired a new position in shares of AleAnna during the 2nd quarter worth approximately $79,000. 38.10% of the stock is owned by institutional investors and hedge funds.

AleAnna Company Profile

(Get Free Report)

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.

Further Reading

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