AleAnna (NASDAQ:ANNA) Releases Quarterly Earnings Results

AleAnna (NASDAQ:ANNA) issued its earnings results on Thursday. The company reported $0.05 earnings per share for the quarter, reports. AleAnna had a return on equity of 3.31% and a net margin of 7.19%.The company had revenue of $9.34 million during the quarter.

AleAnna Stock Down 3.4%

ANNA traded down $0.13 on Thursday, reaching $3.69. The company’s stock had a trading volume of 342,539 shares, compared to its average volume of 3,067,008. The stock has a market cap of $245.94 million, a price-to-earnings ratio of 92.27 and a beta of -1.59. AleAnna has a 1 year low of $2.31 and a 1 year high of $11.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.93 and a quick ratio of 1.93. The business’s 50 day moving average is $4.91 and its 200 day moving average is $3.62.

Insiders Place Their Bets

In other AleAnna news, major shareholder C John Wilder sold 91,373 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $3.81, for a total transaction of $348,131.13. Following the completion of the transaction, the insider directly owned 30,359 shares of the company’s stock, valued at $115,667.79. This trade represents a 75.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 325,784 shares of company stock worth $1,224,557. 42.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ANNA. Keel Point LLC bought a new position in AleAnna during the 2nd quarter worth approximately $79,000. Goldman Sachs Group Inc. bought a new position in AleAnna during the 1st quarter worth approximately $94,000. Wesbanco Bank Inc. bought a new position in AleAnna during the 1st quarter worth approximately $166,000. Finally, Carlson Capital L.P. lifted its holdings in AleAnna by 7.0% during the 4th quarter. Carlson Capital L.P. now owns 92,000 shares of the company’s stock worth $265,000 after buying an additional 6,000 shares during the last quarter. Institutional investors own 38.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on ANNA shares. Weiss Ratings restated a “sell (e+)” rating on shares of AleAnna in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of AleAnna to a “hold” rating in a research note on Saturday, April 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock 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.