AleAnna (NASDAQ:ANNA) Issues Earnings Results

AleAnna (NASDAQ:ANNA) released its quarterly earnings data on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, reports. AleAnna had a return on equity of 10.42% and a net margin of 17.43%.The business had revenue of $9.34 million during the quarter.

AleAnna Stock Performance

AleAnna stock traded down $0.26 during mid-day trading on Friday, hitting $3.43. 477,513 shares of the company’s stock traded hands, compared to its average volume of 998,976. The firm has a 50 day moving average price of $4.92 and a 200 day moving average price of $3.62. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.03. The company has a market cap of $228.61 million, a PE ratio of 24.50 and a beta of -1.59. AleAnna has a one year low of $2.31 and a one year high of $11.01.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ANNA shares. Weiss Ratings restated a “sell (e+)” rating on shares of AleAnna in a research report on Wednesday, January 21st. Wall Street Zen upgraded AleAnna to a “hold” rating in a research report on Saturday, April 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Insiders Place Their Bets

In other AleAnna news, major shareholder C John Wilder sold 82,260 shares of AleAnna stock in a transaction on Friday, March 6th. The stock was sold at an average price of $4.17, for a total transaction of $343,024.20. Following the sale, the insider owned 30,152,940 shares of the company’s stock, valued at $125,737,759.80. The trade was a 0.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 325,784 shares of company stock worth $1,224,557. 42.90% of the stock is owned by insiders.

Institutional Trading of AleAnna

Hedge funds have recently added to or reduced their stakes in the business. Keel Point LLC bought a new stake in AleAnna during the 2nd quarter valued at $79,000. Goldman Sachs Group Inc. bought a new stake in AleAnna during the 1st quarter valued at $94,000. Wesbanco Bank Inc. bought a new stake in shares of AleAnna in the 1st quarter worth $166,000. Finally, Carlson Capital L.P. acquired a new stake in shares of AleAnna in the third quarter valued at $362,000. Institutional investors own 38.10% of the company’s stock.

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.