Sanctuary Advisors LLC Takes Position in NuScale Power Co. (NYSE:SMR)

Sanctuary Advisors LLC acquired a new stake in shares of NuScale Power Co. (NYSE:SMR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 16,914 shares of the company's stock, valued at approximately $303,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in NuScale Power by 21.0% during the third quarter. Geode Capital Management LLC now owns 1,829,843 shares of the company's stock valued at $21,194,000 after buying an additional 317,285 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of NuScale Power by 41.4% during the 4th quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company's stock valued at $31,317,000 after acquiring an additional 511,168 shares during the last quarter. State Street Corp lifted its position in NuScale Power by 10.2% during the third quarter. State Street Corp now owns 1,674,995 shares of the company's stock valued at $19,396,000 after purchasing an additional 154,368 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake 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 buying an additional 460,487 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of NuScale Power by 57.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 351,777 shares of the company's stock worth $4,074,000 after buying an additional 128,012 shares during the last quarter. 78.37% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Separately, UBS Group dropped their price target on NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $12.58.

Insider Buying and Selling

In related news, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the sale, the chief executive officer now directly owns 34,675 shares in the company, valued at $625,537. The trade was a 95.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total value of $357,453.36. Following the completion of the sale, the vice president now owns 1,149 shares of the company's stock, valued at $16,683.48. The trade was a 95.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.96% of the stock is owned by corporate insiders.

NuScale Power Trading Down 1.9 %

NYSE SMR traded down $0.30 during trading on Friday, hitting $15.65. The stock had a trading volume of 11,051,525 shares, compared to its average volume of 11,949,105. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of -16.48 and a beta of 1.58. NuScale Power Co. has a one year low of $3.79 and a one year high of $32.30. The stock has a 50 day simple moving average of $21.33 and a 200 day simple moving average of $18.51.

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.