HITE Hedge Asset Management LLC purchased a new stake in Oklo Inc. (NYSE:OKLO - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,441,630 shares of the company's stock, valued at approximately $19,753,000. Oklo comprises about 2.3% of HITE Hedge Asset Management LLC's investment portfolio, making the stock its 14th biggest position. HITE Hedge Asset Management LLC owned about 2.00% of Oklo at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Portland Investment Counsel Inc. purchased a new position in shares of Oklo in the 3rd quarter valued at approximately $6,493,000. Atom Investors LP purchased a new position in Oklo in the 3rd quarter valued at $657,000. DRW Securities LLC acquired a new position in Oklo in the 3rd quarter valued at $404,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Oklo during the 3rd quarter worth $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 3rd quarter worth $104,000. Institutional investors and hedge funds own 85.03% of the company's stock.
Oklo Trading Down 9.4 %
Shares of OKLO stock traded down $2.10 during mid-day trading on Tuesday, reaching $20.13. The stock had a trading volume of 13,044,790 shares, compared to its average volume of 16,804,452. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $28.12. The business has a 50-day simple moving average of $18.05 and a 200 day simple moving average of $11.56.
Analyst Ratings Changes
A number of brokerages recently weighed in on OKLO. Citigroup dropped their price objective on Oklo from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Tuesday, September 24th. B. Riley started coverage on shares of Oklo in a report on Thursday, September 19th. They set a "buy" rating and a $10.00 price objective on the stock. Finally, Seaport Res Ptn upgraded shares of Oklo to a "hold" rating in a research report on Friday, September 6th.
Get Our Latest Stock Analysis on OKLO
Oklo Company Profile
(
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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