Cowen AND Company LLC Purchases 1,652,818 Shares of Screaming Eagle Acquisition Corp. (NASDAQ:SCRM)

Cowen AND Company LLC grew its position in shares of Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) by 135.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,870,029 shares of the company’s stock after purchasing an additional 1,652,818 shares during the quarter. Screaming Eagle Acquisition accounts for 6.9% of Cowen AND Company LLC’s portfolio, making the stock its 2nd largest position. Cowen AND Company LLC’s holdings in Screaming Eagle Acquisition were worth $30,422,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. K2 Principal Fund L.P. acquired a new position in shares of Screaming Eagle Acquisition in the 3rd quarter worth $121,000. Deutsche Bank AG boosted its position in shares of Screaming Eagle Acquisition by 95.0% in the third quarter. Deutsche Bank AG now owns 102,612 shares of the company’s stock worth $1,073,000 after buying an additional 50,000 shares during the period. Ursa Fund Management LLC acquired a new stake in shares of Screaming Eagle Acquisition in the fourth quarter worth $1,298,000. Periscope Capital Inc. boosted its position in shares of Screaming Eagle Acquisition by 36.4% in the third quarter. Periscope Capital Inc. now owns 607,982 shares of the company’s stock worth $6,359,000 after buying an additional 162,123 shares during the period. Finally, Nomura Holdings Inc. boosted its position in shares of Screaming Eagle Acquisition by 46.4% in the third quarter. Nomura Holdings Inc. now owns 833,634 shares of the company’s stock worth $8,720,000 after buying an additional 264,050 shares during the period. 73.98% of the stock is currently owned by institutional investors and hedge funds.

Screaming Eagle Acquisition Price Performance

Shares of Screaming Eagle Acquisition stock remained flat at $10.18 during midday trading on Friday. The stock had a trading volume of 97,959 shares, compared to its average volume of 754,562. Screaming Eagle Acquisition Corp. has a 1-year low of $9.15 and a 1-year high of $12.84. The company’s fifty day simple moving average is $10.73 and its 200-day simple moving average is $10.64.

Insider Activity at Screaming Eagle Acquisition

In related news, major shareholder Alberta Investment Management sold 1,250,000 shares of Screaming Eagle Acquisition stock in a transaction 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 completion of the sale, the insider now owns 1,325,000 shares of the company’s stock, valued at $14,283,500. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Screaming Eagle Acquisition news, major shareholder Flow State Investments, L.P. sold 500,000 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $10.76, for a total transaction of $5,380,000.00. Following the transaction, the insider now directly owns 1,591,821 shares in the company, valued at $17,127,993.96. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Alberta Investment Management sold 1,250,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 1,325,000 shares in the company, valued at $14,283,500. The disclosure for this sale can be found here.

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.