SBI Securities Co. Ltd. Takes $282,000 Position in NuScale Power Co. (NYSE:SMR)

SBI Securities Co. Ltd. bought a new stake in NuScale Power Co. (NYSE:SMR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,707 shares of the company's stock, valued at approximately $282,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SMR. Private Advisor Group LLC boosted its holdings in shares of NuScale Power by 20.7% in the third quarter. Private Advisor Group LLC now owns 35,470 shares of the company's stock valued at $411,000 after acquiring an additional 6,071 shares in the last quarter. US Bancorp DE purchased a new stake in shares of NuScale Power in the third quarter valued at about $54,000. Van ECK Associates Corp boosted its holdings in shares of NuScale Power by 90.0% in the third quarter. Van ECK Associates Corp now owns 1,235,457 shares of the company's stock valued at $14,307,000 after acquiring an additional 585,292 shares in the last quarter. Catalina Capital Group LLC boosted its holdings in shares of NuScale Power by 6.8% in the third quarter. Catalina Capital Group LLC now owns 12,638 shares of the company's stock valued at $146,000 after acquiring an additional 809 shares in the last quarter. Finally, Canal Insurance CO boosted its holdings in shares of NuScale Power by 35.0% in the third quarter. Canal Insurance CO now owns 216,000 shares of the company's stock valued at $2,501,000 after acquiring an additional 56,000 shares in the last quarter. Hedge funds and other institutional investors own 78.37% of the company's stock.

NuScale Power Price Performance

SMR stock traded down $0.30 during trading on Friday, reaching $15.65. 11,051,525 shares of the company were exchanged, compared to its average volume of 11,949,105. The company has a market cap of $4.00 billion, a P/E ratio of -16.48 and a beta of 1.58. NuScale Power Co. has a 52-week low of $3.79 and a 52-week high of $32.30. The stock's 50 day moving average price is $21.26 and its 200 day moving average price is $18.63. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24.

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Analyst Ratings Changes

Separately, UBS Group lowered their target price on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, NuScale Power presently has an average rating of "Moderate Buy" and an average price target of $12.58.

Insider Buying and Selling

In other NuScale Power news, 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 transaction of $357,453.36. Following the completion of the transaction, the vice president now owns 1,149 shares in the company, valued at approximately $16,683.48. The trade was a 95.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $11,988,806.72. Following the transaction, the chief executive officer now owns 34,675 shares of the company's stock, valued at approximately $625,537. The trade was a 95.04 % decrease in their position. The disclosure for this sale can be found here. 1.96% of the stock is owned by insiders.

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.