Harvest Investment Services LLC acquired a new position in 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. The firm acquired 46,503 shares of the company's stock, valued at approximately $834,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. grew its position in shares of NuScale Power by 6.6% in the fourth quarter. Victory Capital Management Inc. now owns 10,669 shares of the company's stock valued at $191,000 after purchasing an additional 656 shares in the last quarter. HighTower Advisors LLC boosted its stake in NuScale Power by 7.3% in the 3rd quarter. HighTower Advisors LLC now owns 12,108 shares of the company's stock worth $140,000 after purchasing an additional 820 shares during the period. Amalgamated Bank grew its holdings in NuScale Power by 51.8% during the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company's stock valued at $52,000 after buying an additional 986 shares in the last quarter. Summit Investment Advisors Inc. increased its position in shares of NuScale Power by 16.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,863 shares of the company's stock valued at $159,000 after buying an additional 1,260 shares during the period. Finally, Corient Private Wealth LLC lifted its holdings in shares of NuScale Power by 6.6% in the fourth quarter. Corient Private Wealth LLC now owns 21,130 shares of the company's stock worth $379,000 after buying an additional 1,314 shares in the last quarter. 78.37% of the stock is currently owned by institutional investors.
NuScale Power Price Performance
Shares of NYSE:SMR traded up $0.12 during trading on Friday, reaching $16.68. The company had a trading volume of 4,584,292 shares, compared to its average volume of 8,296,426. The company has a fifty day moving average of $16.22 and a two-hundred day moving average of $20.01. 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 stock has a market capitalization of $4.71 billion, a P/E ratio of -17.56 and a beta of 1.64. NuScale Power Co. has a 12 month low of $5.50 and a 12 month high of $32.30.
Insider Activity at NuScale Power
In other news, CFO Robert Ramsey Hamady sold 31,496 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $15.70, for a total value of $494,487.20. Following the completion of the sale, the chief financial officer now owns 29,985 shares of the company's stock, valued at approximately $470,764.50. This represents a 51.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Jose N. Reyes, Jr. sold 33,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $15.13, for a total transaction of $499,290.00. Following the completion of the sale, the chief technology officer now directly owns 516,207 shares of the company's stock, valued at $7,810,211.91. This represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 89,114 shares of company stock valued at $1,351,231 over the last 90 days. 1.96% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
SMR has been the topic of a number of analyst reports. BTIG Research initiated coverage on shares of NuScale Power in a report on Friday, April 11th. They set a "buy" rating and a $20.00 target price on the stock. UBS Group reduced their price target on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, NuScale Power currently has an average rating of "Moderate Buy" and a consensus target price of $16.60.
Check Out Our Latest Stock Report on SMR
About NuScale Power
(
Free Report)
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.
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