MRP Capital Investments LLC Has $1.25 Million Position in NuScale Power Co. (NYSE:SMR)

MRP Capital Investments LLC decreased its holdings in shares of NuScale Power Co. (NYSE:SMR - Free Report) by 19.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,500 shares of the company's stock after selling 17,000 shares during the period. MRP Capital Investments LLC's holdings in NuScale Power were worth $1,246,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in SMR. Victory Capital Management Inc. raised its holdings in NuScale Power by 6.6% during the 4th quarter. Victory Capital Management Inc. now owns 10,669 shares of the company's stock worth $191,000 after buying an additional 656 shares during the period. HighTower Advisors LLC raised its holdings in shares of NuScale Power by 7.3% during the third quarter. HighTower Advisors LLC now owns 12,108 shares of the company's stock valued at $140,000 after acquiring an additional 820 shares during the period. Amalgamated Bank lifted its position in shares of NuScale Power by 51.8% in the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company's stock valued at $52,000 after acquiring an additional 986 shares in the last quarter. Corient Private Wealth LLC boosted its stake in NuScale Power by 6.6% in the 4th quarter. Corient Private Wealth LLC now owns 21,130 shares of the company's stock worth $379,000 after purchasing an additional 1,314 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in NuScale Power by 313.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock valued at $35,000 after purchasing an additional 1,500 shares during the period. 78.37% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In other news, CEO John Lawrence Hopkins sold 664,568 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the transaction, the chief executive officer now owns 34,675 shares in the company, valued at $625,537. This represents a 95.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the completion of the sale, the vice president now directly owns 1,149 shares of the company's stock, valued at approximately $16,683.48. The trade was a 95.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 720,682 shares of company stock worth $12,840,747. Corporate insiders own 1.96% of the company's stock.

NuScale Power Stock Up 4.0 %

NuScale Power stock traded up $0.73 during trading hours on Monday, hitting $18.86. The company had a trading volume of 6,792,382 shares, compared to its average volume of 8,199,645. The firm's fifty day moving average is $20.68 and its 200-day moving average is $19.39. The firm has a market capitalization of $5.33 billion, a P/E ratio of -19.85 and a beta of 1.58. NuScale Power Co. has a fifty-two week low of $0.13 and a fifty-two week high of $32.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24.

Analyst Upgrades and Downgrades

Separately, UBS Group decreased their target price on NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday, March 7th.

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.