Alberta Investment Management Sells 1,250,000 Shares of Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) Stock

Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) major shareholder Alberta Investment Management sold 1,250,000 shares of Screaming Eagle Acquisition stock in a transaction on 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 sale, the insider now directly owns 1,325,000 shares of the company’s stock, valued at approximately $14,283,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Screaming Eagle Acquisition Price Performance

Shares of NASDAQ:SCRM remained flat at $10.77 on Tuesday. The company’s stock had a trading volume of 51,101 shares, compared to its average volume of 817,796. The firm’s 50-day moving average price is $10.68 and its 200-day moving average price is $10.60. Screaming Eagle Acquisition Corp. has a 1 year low of $10.06 and a 1 year high of $11.07.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. K2 Principal Fund L.P. purchased a new position in Screaming Eagle Acquisition in the 3rd quarter worth approximately $121,000. Firethorn Wealth Partners LLC grew its position in Screaming Eagle Acquisition by 17.2% in the third quarter. Firethorn Wealth Partners LLC now owns 20,660 shares of the company’s stock worth $216,000 after acquiring an additional 3,030 shares in the last quarter. ADAR1 Capital Management LLC bought a new position in Screaming Eagle Acquisition in the fourth quarter valued at $318,000. Deutsche Bank AG raised its position in Screaming Eagle Acquisition by 95.0% during the third quarter. Deutsche Bank AG now owns 102,612 shares of the company’s stock valued at $1,073,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Ursa Fund Management LLC bought a new stake in Screaming Eagle Acquisition during the fourth quarter worth about $1,298,000. 73.98% of the stock is currently owned by institutional investors.

Screaming Eagle Acquisition Company Profile

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.