Picton Mahoney Asset Management Acquires 150,000 Shares of Screaming Eagle Acquisition Corp. (NASDAQ:SCRM)

Picton Mahoney Asset Management lifted its position in shares of Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) by 12.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,399,998 shares of the company’s stock after buying an additional 150,000 shares during the quarter. Picton Mahoney Asset Management owned about 1.49% of Screaming Eagle Acquisition worth $14,839,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Westchester Capital Management LLC grew its position in shares of Screaming Eagle Acquisition by 35.1% in 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 last quarter. Aristeia Capital LLC lifted its position 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 worth $72,899,000 after buying an additional 962,946 shares in the last quarter. Cowen AND Company LLC raised its stake in shares of Screaming Eagle Acquisition by 71.3% during the 3rd quarter. Cowen AND Company LLC now owns 1,217,211 shares of the company’s stock worth $12,732,000 after purchasing an additional 506,693 shares during the period. Schechter Investment Advisors LLC increased its stake in shares of Screaming Eagle Acquisition by 13.7% during the 3rd quarter. Schechter Investment Advisors LLC now owns 2,964,676 shares of the company’s stock worth $31,011,000 after purchasing an additional 357,562 shares during the last quarter. Finally, Nomura Holdings Inc. raised its stake in Screaming Eagle Acquisition by 46.4% in the 3rd quarter. Nomura Holdings Inc. now owns 833,634 shares of the company’s stock valued at $8,720,000 after acquiring an additional 264,050 shares during the period. 73.98% of the stock is currently owned by institutional investors.

Screaming Eagle Acquisition Trading Up 6.7 %

Shares of NASDAQ:SCRM traded up $0.72 during trading on Tuesday, hitting $11.44. 68,909 shares of the company were exchanged, compared to its average volume of 782,499. The stock has a 50 day moving average of $10.71 and a 200 day moving average of $10.63. Screaming Eagle Acquisition Corp. has a 52-week low of $9.15 and a 52-week high of $12.00.

Insider Buying and Selling at Screaming Eagle Acquisition

In related news, major shareholder Flow State Investments, L.P. sold 500,000 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $10.76, for a total value of $5,380,000.00. Following the completion of the sale, the insider now owns 1,591,821 shares of the company’s stock, valued at $17,127,993.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Alberta Investment Management sold 1,250,000 shares of the firm’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $10.78, for a total transaction of $13,475,000.00. Following the sale, the insider now directly owns 1,325,000 shares in the company, valued at approximately $14,283,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Flow State Investments, L.P. sold 500,000 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $10.76, for a total value of $5,380,000.00. Following the completion of the sale, the insider now owns 1,591,821 shares in the company, valued at $17,127,993.96. The disclosure for this sale can be found here.

Screaming Eagle Acquisition 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.