Headlands Technologies LLC Buys Shares of 167,309 NuScale Power Co. (NYSE:SMR)

Headlands Technologies LLC acquired a new position in shares of NuScale Power Co. (NYSE:SMR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 167,309 shares of the company's stock, valued at approximately $3,000,000. Headlands Technologies LLC owned 0.07% of NuScale Power as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership bought a new position in NuScale Power during the 4th quarter valued at about $22,823,000. Vanguard Group Inc. lifted its stake in NuScale Power by 8.2% in the fourth quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company's stock worth $151,113,000 after purchasing an additional 635,271 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of NuScale Power by 41.4% during the fourth quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company's stock valued at $31,317,000 after buying an additional 511,168 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of NuScale Power by 212.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company's stock valued at $7,843,000 after buying an additional 460,487 shares during the last quarter. Finally, Privium Fund Management B.V. purchased a new stake in shares of NuScale Power in the fourth quarter worth approximately $6,455,000. Institutional investors own 78.37% of the company's stock.

NuScale Power Trading Up 3.4 %

SMR stock traded up $0.49 during mid-day trading on Tuesday, reaching $14.65. The company had a trading volume of 5,742,803 shares, compared to its average volume of 8,122,100. The company has a market capitalization of $4.14 billion, a PE ratio of -15.42 and a beta of 1.58. The firm has a 50 day moving average of $20.00 and a 200 day moving average of $19.71. NuScale Power Co. has a 12 month low of $4.61 and a 12 month high of $32.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24.

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Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other NuScale Power news, VP Jacqueline F. Engel sold 24,618 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the transaction, the vice president now owns 1,149 shares of the company's stock, valued at approximately $16,683.48. This trade represents a 95.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $15.70, for a total transaction of $494,487.20. Following the completion of the sale, the chief financial officer now owns 29,985 shares of the company's stock, valued at approximately $470,764.50. This represents a 51.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 720,682 shares of company stock worth $12,840,747 in the last ninety days. 1.96% of the stock is owned by company insiders.

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.