Sei Investments Co. Takes $552,000 Position in NuScale Power Co. (NYSE:SMR)

Sei Investments Co. bought a new position in NuScale Power Co. (NYSE:SMR - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 30,770 shares of the company's stock, valued at approximately $552,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Virtu Financial LLC purchased a new position in NuScale Power in the fourth quarter worth about $986,000. Teacher Retirement System of Texas purchased a new position in NuScale Power in the 4th quarter worth approximately $674,000. Privium Fund Management B.V. purchased a new stake in NuScale Power during the 4th quarter valued at $6,455,000. Fox Hill Wealth Management increased its holdings in shares of NuScale Power by 31.2% in the 4th quarter. Fox Hill Wealth Management now owns 89,007 shares of the company's stock worth $1,596,000 after purchasing an additional 21,146 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC purchased a new position in shares of NuScale Power in the fourth quarter worth $243,000. 78.37% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Jacqueline F. Engel sold 24,618 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total value of $357,453.36. Following the sale, the vice president now owns 1,149 shares of the company's stock, valued at approximately $16,683.48. This represents a 95.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Robert Ramsey Hamady sold 31,496 shares of NuScale Power stock in a transaction dated Friday, March 7th. The stock was 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 approximately $470,764.50. This represents a 51.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,114 shares of company stock valued at $1,351,231 over the last ninety days. 1.96% of the stock is owned by insiders.

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NuScale Power Price Performance

Shares of NYSE:SMR traded up $0.29 on Friday, reaching $15.14. The company's stock had a trading volume of 6,432,637 shares, compared to its average volume of 8,210,460. The company has a 50-day simple moving average of $18.11 and a 200 day simple moving average of $19.92. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The company has a market cap of $4.27 billion, a P/E ratio of -15.93 and a beta of 1.64. NuScale Power Co. has a 52-week low of $4.61 and a 52-week high of $32.30.

Analyst Upgrades and Downgrades

SMR has been the subject of a number of recent analyst reports. UBS Group decreased their target price 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. BTIG Research initiated coverage on shares of NuScale Power in a report on Friday. They set a "buy" rating and a $20.00 price objective for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $16.60.

NuScale Power Company 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.