Swiss National Bank Boosts Position in NuScale Power Co. (NYSE:SMR)

Swiss National Bank raised its holdings in NuScale Power Co. (NYSE:SMR - Free Report) by 21.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 167,700 shares of the company's stock after acquiring an additional 29,300 shares during the period. Swiss National Bank owned approximately 0.07% of NuScale Power worth $3,007,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Rakuten Securities Inc. purchased a new position in NuScale Power in the fourth quarter worth $134,000. Avantax Advisory Services Inc. raised its holdings in shares of NuScale Power by 43.3% during the 4th quarter. Avantax Advisory Services Inc. now owns 15,828 shares of the company's stock valued at $284,000 after buying an additional 4,785 shares in the last quarter. HighTower Advisors LLC lifted its position in NuScale Power by 51.0% in the 4th quarter. HighTower Advisors LLC now owns 18,283 shares of the company's stock worth $328,000 after buying an additional 6,175 shares during the last quarter. Independent Advisor Alliance purchased a new stake in NuScale Power in the fourth quarter worth approximately $208,000. Finally, Tiemann Investment Advisors LLC bought a new position in NuScale Power during the fourth quarter valued at approximately $278,000. Institutional investors own 78.37% of the company's stock.

Insider Activity

In related news, CEO John Lawrence Hopkins sold 664,568 shares of the company's stock in a transaction on 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 sale, the chief executive officer now directly owns 34,675 shares of the company's stock, valued at $625,537. This represents a 95.04 % 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, CFO Robert Ramsey Hamady sold 31,496 shares of the firm's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $15.70, for a total value of $494,487.20. Following the transaction, the chief financial officer now directly owns 29,985 shares of the company's stock, valued at $470,764.50. This represents a 51.23 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 720,682 shares of company stock valued at $12,840,747. Corporate insiders own 1.96% of the company's stock.

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Wall Street Analysts Forecast Growth

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

NuScale Power Trading Down 7.2 %

Shares of NuScale Power stock traded down $1.16 during trading on Friday, reaching $14.94. 5,954,779 shares of the stock were exchanged, compared to its average volume of 8,152,649. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of -15.73 and a beta of 1.58. The stock's fifty day moving average is $20.37 and its 200 day moving average is $19.56. NuScale Power Co. has a 1 year low of $4.61 and a 1 year 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.

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.