Robert Ramsey Hamady Sells 31,496 Shares of NuScale Power Co. (NYSE:SMR) Stock

NuScale Power Co. (NYSE:SMR - Get Free Report) CFO Robert Ramsey Hamady sold 31,496 shares of the firm's stock in a transaction dated 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 directly owns 29,985 shares in the company, valued at approximately $470,764.50. The trade was a 51.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NuScale Power Stock Down 1.6 %

Shares of NYSE:SMR traded down $0.27 during trading on Wednesday, hitting $15.95. The stock had a trading volume of 9,638,365 shares, compared to its average volume of 11,889,628. The company has a market capitalization of $4.07 billion, a PE ratio of -16.78 and a beta of 1.58. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. The firm's fifty day moving average is $21.11 and its 200 day moving average is $18.77. NuScale Power Co. has a 12 month low of $3.79 and a 12 month high of $32.30.

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 report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $12.58.

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Hedge Funds Weigh In On NuScale Power

Institutional investors have recently added to or reduced their stakes in the company. Samsung C&T Corp bought a new position in shares of NuScale Power in the 4th quarter worth about $46,745,000. Arrowstreet Capital Limited Partnership purchased a new stake in NuScale Power in the fourth quarter worth about $22,823,000. Vanguard Group Inc. increased its stake in shares of NuScale Power by 8.2% during the fourth quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company's stock valued at $151,113,000 after purchasing an additional 635,271 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of NuScale Power by 41.4% during the fourth quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company's stock valued at $31,317,000 after purchasing an additional 511,168 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of NuScale Power by 212.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company's stock worth $7,843,000 after purchasing an additional 460,487 shares in the last quarter. Institutional investors own 78.37% of the company's stock.

NuScale Power Company 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.