Aristeia Capital LLC has recently announced that it has increased stake in Screaming Eagle Acquisition Corp (NASDAQ:SCRM) by 16.03%. After grabbing 6.97 million shares, the institutional investor is now in possession of 0.96 million shares of the Financial Company. The new investment brought the stake of investor firm to 9.29% having worth around $73.6 million. Moreover, Westchester Capital Management LL increased its share by 1.3 million to have a control over 5.03 million shares. And Schechter Investment Advisors LLC raised its holdings to 0.36 million shares by acquiring 2.96 million shares or 3.95% of the stake.
Screaming Eagle Acquisition Corp (SCRM) concluded trading on 01/10/24 at a closing price of $10.59, with 2.89 million shares of worth about $30.59 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.42% during that period and on Wednesday the price remained unchanged. Currently the company’s common shares owned by public are about 75.00M shares, out of which, 73.23M shares are available for trading.
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First Trust Merger Arbitrage Fund, Merger Fund, and TD Global Conservative Opportunit are the top 3 mutual funds which are holding stakes in Screaming Eagle Acquisition Corp First Trust Merger Arbitrage Fund is currently holding 6.98 million shares of worth totaling $73.74 million. The company recently came buying 3.15 million shares which brought its stake up to 9.31% of the company’s outstanding shares. Merger Fund bought 0.93 million shares, after which its hold over company’s outstanding shares expand to 5.30%, leaving 3.98 million shares with the mutual fund that have a worth of about $42.01 million. TD Global Conservative Opportunit, after buying 1.06 million shares, have now control over 1.41% of the stake in the company. It holds 0.0 shares of worth $11.2 million.
Screaming Eagle Acquisition Corp (NASDAQ: SCRM) started trading at $10.60, above $0.01 from concluding price of the previous day. Stock saw a price change of -0.19% in past 5 days and over the past one month there was a price change of 0.19%. Year-to-date (YTD), SCRM shares are showing a performance of -0.09% which increased to 6.54% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.59 but also hit the highest price of $11.49 during that period. The average intraday trading volume for Screaming Eagle Acquisition Corp shares is 306.90K. The stock is currently trading -0.05% below its 20-day simple moving average (SMA20), while that difference is up 0.30% for SMA50 and it goes to 2.02% higher than SMA200.
Aristeia Capital LLC acquired 6.97 million shares of Screaming Eagle Acquisition Corp having value of about $73.6 million. Data submitted at the U.S SEC by Aristeia Capital LLC revealed that the firm now holds 0.96 million shares in the company valued at close to $10197598.14, or have control over 16.03% stake in the company. Screaming Eagle Acquisition Corp (NASDAQ: SCRM) currently have 75.00M outstanding shares and institutions hold larger chunk of about 67.96% of that. Holding of mutual funds in the company is about 21.09% while other institutional holders and individual stake holders have control over 64.55% and — of the stake respectively.
The stock has a current market capitalization of $992.81M and its 3Y-monthly beta is at 0.03. PE ratio of stock for trailing 12 months is 30.72, while it has posted earnings per share of $0.34 in the same period. It has Quick Ratio of 1.34 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SCRM, volatility over the week remained 0.19% while standing at 0.29% over the month.
Analysts at 0 brokerage firms have issued recommendations for the Screaming Eagle Acquisition Corp (SCRM)’s stock out of those 0 Wall Street analysts, 0 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
