Ursa Fund Management LLC Acquires Shares of 122,500 Screaming Eagle Acquisition Corp. (NASDAQ:SCRM)

Ursa Fund Management LLC bought a new stake in Screaming Eagle Acquisition Corp. (NASDAQ:SCRM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 122,500 shares of the company's stock, valued at approximately $1,298,000. Screaming Eagle Acquisition makes up approximately 2.3% of Ursa Fund Management LLC's investment portfolio, making the stock its 10th largest position. Ursa Fund Management LLC owned about 0.13% of Screaming Eagle Acquisition as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. K2 Principal Fund L.P. bought a new position in shares of Screaming Eagle Acquisition in the third quarter worth $121,000. Firethorn Wealth Partners LLC raised its stake in shares of 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 purchasing an additional 3,030 shares in the last quarter. Deutsche Bank AG raised its stake in shares of 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. Periscope Capital Inc. raised its stake in shares of Screaming Eagle Acquisition by 36.4% during the 3rd quarter. Periscope Capital Inc. now owns 607,982 shares of the company's stock worth $6,359,000 after purchasing an additional 162,123 shares in the last quarter. Finally, Wealthspring Capital LLC raised its stake in shares of Screaming Eagle Acquisition by 11.5% during the 3rd quarter. Wealthspring Capital LLC now owns 631,531 shares of the company's stock worth $6,606,000 after purchasing an additional 64,944 shares in the last quarter. 73.98% of the stock is owned by institutional investors and hedge funds.

Screaming Eagle Acquisition Price Performance

Shares of SCRM remained flat at $10.77 during midday trading on Wednesday. The stock had a trading volume of 68,948 shares, compared to its average volume of 808,317. Screaming Eagle Acquisition Corp. has a 52 week low of $10.06 and a 52 week high of $11.07. The business has a 50-day simple moving average of $10.69 and a 200 day simple moving average of $10.61.

Insider Transactions at Screaming Eagle Acquisition

In other news, major shareholder Flow State Investments, L.P. sold 500,000 shares of the stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $10.76, for a total transaction of $5,380,000.00. Following the transaction, the insider now owns 1,591,821 shares of the company's stock, valued at approximately $17,127,993.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Flow State Investments, L.P. sold 500,000 shares of the stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $10.76, for a total transaction of $5,380,000.00. Following the transaction, the insider now owns 1,591,821 shares of the company's stock, valued at approximately $17,127,993.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Alberta Investment Management sold 1,250,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 1,325,000 shares in the company, valued at approximately $14,283,500. The disclosure for this sale can be found here.

About Screaming Eagle Acquisition

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.