RP Investment Advisors LP trimmed its holdings in Screaming Eagle Acquisition Corp. (NASDAQ:SCRM – Get Rating) by 38.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 900,000 shares of the company's stock after selling 568,298 shares during the period. Screaming Eagle Acquisition comprises about 2.2% of RP Investment Advisors LP's holdings, making the stock its 6th largest position. RP Investment Advisors LP's holdings in Screaming Eagle Acquisition were worth $8,703,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Millennium Management LLC increased its holdings in Screaming Eagle Acquisition by 80.0% during the second quarter. Millennium Management LLC now owns 2,250,000 shares of the company's stock worth $21,578,000 after buying an additional 1,000,000 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Screaming Eagle Acquisition by 399.6% during the second quarter. JPMorgan Chase & Co. now owns 984,000 shares of the company's stock worth $9,437,000 after buying an additional 787,038 shares during the last quarter. Spring Creek Capital LLC purchased a new position in shares of Screaming Eagle Acquisition in the first quarter worth about $4,865,000. Verition Fund Management LLC purchased a new position in shares of Screaming Eagle Acquisition in the second quarter worth about $4,196,000. Finally, Wolverine Asset Management LLC purchased a new position in shares of Screaming Eagle Acquisition in the second quarter worth about $3,313,000.
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Screaming Eagle Acquisition Price Performance
Shares of SCRM remained flat at $10.07 during trading hours on Friday. 743 shares of the stock traded hands, compared to its average volume of 283,136. The company has a 50-day moving average price of $9.98 and a 200 day moving average price of $9.82. Screaming Eagle Acquisition Corp. has a 52-week low of $9.45 and a 52-week high of $11.49.
About Screaming Eagle Acquisition
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Screaming Eagle Acquisition Corp. 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.
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