Almanack Investment Partners LLC. Invests $219,000 in NuScale Power Co. (NYSE:SMR)

Almanack Investment Partners LLC. acquired a new position in shares of NuScale Power Co. (NYSE:SMR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,216 shares of the company's stock, valued at approximately $219,000.

Several other institutional investors also recently modified their holdings of the stock. Canal Insurance CO lifted its stake in NuScale Power by 35.0% during the third quarter. Canal Insurance CO now owns 216,000 shares of the company's stock worth $2,501,000 after purchasing an additional 56,000 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in NuScale Power by 212.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company's stock worth $7,843,000 after buying an additional 460,487 shares during the last quarter. Verition Fund Management LLC boosted its stake in NuScale Power by 319.9% in the third quarter. Verition Fund Management LLC now owns 113,476 shares of the company's stock worth $1,314,000 after buying an additional 86,454 shares in the last quarter. JPMorgan Chase & Co. grew its position in NuScale Power by 204.0% during the third quarter. JPMorgan Chase & Co. now owns 166,629 shares of the company's stock valued at $1,930,000 after acquiring an additional 111,812 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in shares of NuScale Power by 581.8% during the third quarter. Stifel Financial Corp now owns 118,355 shares of the company's stock worth $1,371,000 after acquiring an additional 100,995 shares in the last quarter. 78.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Craig Hallum upped their price objective on shares of NuScale Power from $16.00 to $21.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $11.42.

NuScale Power Trading Down 6.0 %

Shares of NYSE:SMR traded down $1.66 during trading on Tuesday, reaching $25.80. 8,957,010 shares of the company traded hands, compared to its average volume of 12,682,156. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power Co. has a 52-week low of $2.47 and a 52-week high of $32.30. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of -27.16 and a beta of 1.51. The business's fifty day moving average is $22.07 and its 200-day moving average is $17.39.

Insider Buying and Selling at NuScale Power

In related news, CEO John Lawrence Hopkins sold 664,568 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the completion of the transaction, the chief executive officer now owns 34,675 shares in the company, valued at $625,537. This represents a 95.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jacqueline F. Engel sold 18,186 shares of NuScale Power stock in a transaction on Friday, November 29th. The shares were sold at an average price of $29.00, for a total transaction of $527,394.00. Following the completion of the sale, the vice president now owns 3,801 shares in the company, valued at approximately $110,229. This trade represents a 82.71 % decrease in their position. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by corporate 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.