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

Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) major shareholder Alberta Investment Management sold 1,250,000 shares of the firm’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $10.78, for a total transaction of $13,475,000.00. Following the sale, the insider now owns 1,325,000 shares of the company’s stock, valued at $14,283,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Screaming Eagle Acquisition Price Performance

Screaming Eagle Acquisition stock opened at $10.77 on Wednesday. The company has a 50 day moving average price of $10.69 and a 200 day moving average price of $10.61. Screaming Eagle Acquisition Corp. has a 52 week low of $10.06 and a 52 week high of $11.07.

Institutional Investors Weigh In On Screaming Eagle Acquisition

A number of institutional investors have recently modified their holdings of SCRM. Berkley W R Corp acquired a new stake in shares of Screaming Eagle Acquisition during the 4th quarter valued at $26,060,000. Cowen AND Company LLC boosted its stake in shares of Screaming Eagle Acquisition by 135.8% during the 4th quarter. Cowen AND Company LLC now owns 2,870,029 shares of the company’s stock valued at $30,422,000 after buying an additional 1,652,818 shares during the period. Westchester Capital Management LLC boosted its stake in shares of Screaming Eagle Acquisition by 35.1% during the 3rd quarter. Westchester Capital Management LLC now owns 5,025,580 shares of the company’s stock valued at $52,568,000 after buying an additional 1,304,403 shares during the period. Kim LLC boosted its stake in shares of Screaming Eagle Acquisition by 133.8% during the 4th quarter. Kim LLC now owns 1,703,687 shares of the company’s stock valued at $18,059,000 after buying an additional 975,000 shares during the period. Finally, Aristeia Capital LLC boosted its stake in shares of Screaming Eagle Acquisition by 16.0% during the 3rd quarter. Aristeia Capital LLC now owns 6,969,273 shares of the company’s stock valued at $72,899,000 after buying an additional 962,946 shares during the period. Institutional investors and hedge funds own 73.98% of the company’s stock.

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.