Polar Asset Management Partners Inc. Sells 146,924 Shares of NuScale Power Co. (NYSE:SMR)

Polar Asset Management Partners Inc. reduced its position in NuScale Power Co. (NYSE:SMR - Free Report) by 43.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 189,947 shares of the company's stock after selling 146,924 shares during the quarter. Polar Asset Management Partners Inc. owned approximately 0.08% of NuScale Power worth $2,200,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of NuScale Power during the 3rd quarter worth approximately $44,000. US Bancorp DE acquired a new stake in shares of NuScale Power in the 3rd quarter valued at $54,000. CWM LLC grew its holdings in shares of NuScale Power by 4,593.8% in the 3rd quarter. CWM LLC now owns 5,304 shares of the company's stock worth $61,000 after purchasing an additional 5,191 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of NuScale Power during the 2nd quarter worth about $64,000. Finally, TFC Financial Management Inc. bought a new position in NuScale Power during the 2nd quarter valued at about $75,000. Institutional investors own 15.28% of the company's stock.

Insider Buying and Selling

In related news, insider Robert K. Temple sold 5,000 shares of NuScale Power stock in a transaction on Friday, September 13th. The stock was sold at an average price of $9.57, for a total transaction of $47,850.00. Following the completion of the sale, the insider now directly owns 14,054 shares of the company's stock, valued at $134,496.78. The trade was a 26.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jacqueline F. Engel sold 18,186 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.00, for a total value of $527,394.00. Following the completion of the transaction, the vice president now directly owns 3,801 shares in the company, valued at $110,229. The trade was a 82.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 427,237 shares of company stock worth $6,053,065 over the last three months. 1.96% of the stock is currently owned by company insiders.

NuScale Power Trading Up 5.4 %

NYSE:SMR traded up $1.32 during trading hours on Friday, hitting $25.68. 8,127,520 shares of the stock were exchanged, compared to its average volume of 6,450,663. The company's 50 day moving average is $20.32 and its two-hundred day moving average is $13.40. The company has a market capitalization of $6.56 billion, a P/E ratio of -26.19 and a beta of 1.33. NuScale Power Co. has a twelve month low of $1.88 and a twelve month high of $32.30. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26.

Analyst Ratings Changes

SMR has been the topic of several research analyst reports. Craig Hallum upped their price objective on shares of NuScale Power from $16.00 to $21.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. CLSA started coverage on NuScale Power in a research report on Friday, September 13th. They set an "outperform" rating and a $11.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $10.39.

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.