HITE Hedge Asset Management LLC acquired a new stake in shares of Oklo Inc. (NYSE:OKLO - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,441,630 shares of the company's stock, valued at approximately $19,753,000. Oklo comprises approximately 2.3% of HITE Hedge Asset Management LLC's portfolio, making the stock its 14th largest holding. HITE Hedge Asset Management LLC owned 2.00% of Oklo as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Portland Investment Counsel Inc. acquired a new position in Oklo in the third quarter valued at $6,493,000. Atom Investors LP purchased a new stake in Oklo in the 3rd quarter valued at about $657,000. DRW Securities LLC acquired a new position in shares of Oklo during the 3rd quarter valued at about $404,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Oklo during the 3rd quarter worth about $135,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Oklo in the third quarter worth approximately $104,000. Hedge funds and other institutional investors own 85.03% of the company's stock.
Oklo Trading Down 9.4 %
OKLO stock traded down $2.10 during midday trading on Tuesday, reaching $20.13. 13,044,790 shares of the company's stock traded hands, compared to its average volume of 16,804,452. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $28.12. The business has a 50-day moving average price of $18.05 and a two-hundred day moving average price of $11.56.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on OKLO shares. Citigroup cut their price target on shares of Oklo from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 24th. B. Riley began coverage on Oklo in a research report on Thursday, September 19th. They issued a "buy" rating and a $10.00 target price on the stock. Finally, Seaport Res Ptn raised Oklo to a "hold" rating in a research report on Friday, September 6th.
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About Oklo
(
Free Report)
Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.
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