Arrowstreet Capital Limited Partnership Takes $22.82 Million Position in NuScale Power Co. (NYSE:SMR)

Arrowstreet Capital Limited Partnership purchased a new position in shares of NuScale Power Co. (NYSE:SMR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,272,918 shares of the company's stock, valued at approximately $22,823,000. Arrowstreet Capital Limited Partnership owned approximately 0.50% of NuScale Power as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in NuScale Power by 8.2% during the 4th quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company's stock worth $151,113,000 after acquiring an additional 635,271 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of NuScale Power by 41.4% in the fourth quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company's stock worth $31,317,000 after purchasing an additional 511,168 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in NuScale Power by 212.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company's stock valued at $7,843,000 after purchasing an additional 460,487 shares during the period. Privium Fund Management B.V. bought a new position in NuScale Power during the 4th quarter worth $6,455,000. Finally, Geode Capital Management LLC lifted its holdings in NuScale Power by 21.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,829,843 shares of the company's stock worth $21,194,000 after buying an additional 317,285 shares during the period. Institutional investors and hedge funds own 78.37% of the company's stock.

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Insider Transactions at NuScale Power

In related news, CFO Robert Ramsey Hamady sold 31,496 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $15.70, for a total transaction of $494,487.20. Following the transaction, the chief financial officer now directly owns 29,985 shares of the company's stock, valued at $470,764.50. This represents a 51.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the completion of the sale, the vice president now directly owns 1,149 shares of the company's stock, valued at approximately $16,683.48. This trade represents a 95.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 89,114 shares of company stock valued at $1,351,231. Corporate insiders own 1.96% of the company's stock.

Analysts Set New Price Targets

Separately, UBS Group lowered their price objective on NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday, March 7th.

NuScale Power Trading Up 11.6 %

NYSE SMR traded up $1.46 during mid-day trading on Monday, reaching $14.06. 12,504,705 shares of the stock were exchanged, compared to its average volume of 8,134,605. The stock has a market cap of $3.97 billion, a P/E ratio of -14.80 and a beta of 1.64. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. NuScale Power Co. has a one year low of $4.61 and a one year high of $32.30. The stock has a 50 day simple moving average of $19.06 and a 200-day simple moving average of $19.84.

NuScale Power Profile

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.