CIBC Private Wealth Group LLC Buys 38,234 Shares of NuScale Power Co. (NYSE:SMR)

CIBC Private Wealth Group LLC lifted its position in NuScale Power Co. (NYSE:SMR - Free Report) by 2,114.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,042 shares of the company's stock after purchasing an additional 38,234 shares during the quarter. CIBC Private Wealth Group LLC's holdings in NuScale Power were worth $788,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Intech Investment Management LLC bought a new stake in NuScale Power in the third quarter valued at $175,000. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 purchasing an additional 460,487 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of NuScale Power during the 3rd quarter worth about $44,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in NuScale Power by 57.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 351,777 shares of the company's stock valued at $4,074,000 after purchasing an additional 128,012 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in NuScale Power by 28.4% in the third quarter. Rockefeller Capital Management L.P. now owns 28,683 shares of the company's stock valued at $332,000 after buying an additional 6,350 shares in the last quarter. Institutional investors and hedge funds own 78.37% of the company's stock.

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Analysts Set New Price Targets

Separately, UBS Group cut 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.

Insider Buying and Selling

In other news, 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 value of $494,487.20. Following the completion of the transaction, the chief financial officer now directly owns 29,985 shares of the company's stock, valued at approximately $470,764.50. This trade represents a 51.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total value of $357,453.36. Following the completion of the sale, the vice president now owns 1,149 shares of the company's stock, valued at approximately $16,683.48. The trade was a 95.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,114 shares of company stock worth $1,351,231. Corporate insiders own 1.96% of the company's stock.

NuScale Power Stock Performance

Shares of NYSE SMR traded up $0.51 during trading hours on Tuesday, reaching $14.61. 3,005,165 shares of the stock were exchanged, compared to its average volume of 8,115,352. 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 firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of -15.38 and a beta of 1.64. The stock's fifty day simple moving average is $19.06 and its 200 day simple moving average is $19.84. NuScale Power Co. has a 52 week low of $4.61 and a 52 week high of $32.30.

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.