AleAnna (NASDAQ:ANNA) Posts Quarterly Earnings Results

AleAnna (NASDAQ:ANNA) issued its quarterly earnings data on Thursday. The company reported $0.09 EPS for the quarter, FiscalAI reports. The firm had revenue of $20.51 million for the quarter. AleAnna had a net margin of 19.76% and a return on equity of 12.95%.

AleAnna Stock Performance

Shares of AleAnna stock traded up $0.22 during trading hours on Thursday, reaching $2.32. 268,581 shares of the company were exchanged, compared to its average volume of 1,441,108. AleAnna has a 1 year low of $1.85 and a 1 year high of $10.64. The stock’s fifty day moving average is $2.67 and its 200 day moving average is $3.34. The firm has a market cap of $154.64 million, a PE ratio of 12.22 and a beta of -1.58.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Engineers Gate Manager LP purchased a new stake in AleAnna during the 2nd quarter worth about $113,000. HighTower Advisors LLC acquired a new stake in AleAnna in the 3rd quarter valued at about $92,000. Carlson Capital L.P. acquired a new stake in AleAnna in the 3rd quarter valued at about $66,000. Finally, Royal Bank of Canada purchased a new position in shares of AleAnna in the 1st quarter valued at about $242,000. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of AleAnna from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 29th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has an average rating of “Sell”.

AleAnna Company Profile

AleAnna is an energy company focused on exploring for, developing and producing natural gas in Italy. Its activities are aimed at bringing domestic gas resources into production. The company’s portfolio includes natural gas exploration and production opportunities in the Po Valley and the Adriatic region. Its work includes evaluating prospects and advancing projects through the development process. AleAnna’s business is centered on Italy’s natural gas sector, serving the market through the development of local supply.