Fox Hill Wealth Management Raises Holdings in NuScale Power Co. (NYSE:SMR)

Fox Hill Wealth Management grew its stake in NuScale Power Co. (NYSE:SMR - Free Report) by 31.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 89,007 shares of the company's stock after buying an additional 21,146 shares during the quarter. Fox Hill Wealth Management's holdings in NuScale Power were worth $1,596,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Victory Capital Management Inc. acquired a new position in NuScale Power in the 3rd quarter worth about $116,000. Quest Partners LLC raised its holdings in NuScale Power by 52.4% in the 3rd quarter. Quest Partners LLC now owns 14,950 shares of the company's stock worth $173,000 after purchasing an additional 5,142 shares during the period. Intech Investment Management LLC acquired a new position in NuScale Power in the 3rd quarter worth about $175,000. Charles Schwab Investment Management Inc. raised its holdings 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 purchasing an additional 460,487 shares during the period. Finally, FORA Capital LLC acquired a new position in NuScale Power in the 3rd quarter worth about $471,000. Institutional investors and hedge funds own 78.37% of the company's stock.

Analyst Upgrades and Downgrades

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 note on Friday, March 7th.

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Insiders Place Their Bets

In other news, VP Jacqueline F. Engel sold 24,618 shares of the company's 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 directly owns 1,149 shares in the company, valued at $16,683.48. This represents a 95.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the sale, the chief executive officer now owns 34,675 shares of the company's stock, valued at $625,537. This trade represents a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 720,682 shares of company stock worth $12,840,747. Corporate insiders own 1.96% of the company's stock.

NuScale Power Price Performance

NYSE:SMR traded down $0.09 during trading hours on Friday, hitting $18.11. 7,798,233 shares of the stock were exchanged, compared to its average volume of 8,197,412. NuScale Power Co. has a 52-week low of $0.13 and a 52-week high of $32.30. The firm's fifty day moving average price is $20.68 and its 200 day moving average price is $19.15. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The company has a market cap of $5.11 billion, a P/E ratio of -19.06 and a beta of 1.58.

About NuScale Power

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.