Cookson Peirce & Co. Inc. Purchases New Position in NuScale Power Co. (NYSE:SMR)

Cookson Peirce & Co. Inc. bought a new stake in NuScale Power Co. (NYSE:SMR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 44,619 shares of the company's stock, valued at approximately $800,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Canal Insurance CO boosted its holdings in shares of NuScale Power by 35.0% during the 3rd quarter. Canal Insurance CO now owns 216,000 shares of the company's stock worth $2,501,000 after buying an additional 56,000 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in NuScale Power by 212.4% during 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. Verition Fund Management LLC boosted its stake in NuScale Power by 319.9% in the 3rd quarter. Verition Fund Management LLC now owns 113,476 shares of the company's stock valued at $1,314,000 after purchasing an additional 86,454 shares during the period. JPMorgan Chase & Co. grew its holdings in NuScale Power by 204.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 166,629 shares of the company's stock valued at $1,930,000 after buying an additional 111,812 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings 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 buying an additional 100,995 shares in the last quarter. 78.37% of the stock is owned by institutional investors.

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NuScale Power Price Performance

SMR traded down $0.30 on Friday, hitting $15.65. 11,051,525 shares of the stock were exchanged, compared to its average volume of 11,949,105. 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 12 month low of $3.79 and a 12 month high of $32.30. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of -16.48 and a beta of 1.58. The business has a 50-day moving average of $21.26 and a two-hundred day moving average of $18.63.

Insider Activity at NuScale Power

In related news, VP Jacqueline F. Engel sold 24,618 shares of the business's 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 $16,683.48. The trade was a 95.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO John Lawrence Hopkins sold 664,568 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total value of $11,988,806.72. Following the transaction, the chief executive officer now directly owns 34,675 shares of the company's stock, valued at approximately $625,537. This represents a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, UBS Group decreased their price target on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $12.58.

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.