UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in NuScale Power Co. (NYSE:SMR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in NuScale Power Co. (NYSE:SMR - Free Report) by 57.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 351,777 shares of the company's stock after acquiring an additional 128,012 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.14% of NuScale Power worth $4,074,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in NuScale Power during the 3rd quarter worth about $44,000. US Bancorp DE acquired a new position in NuScale Power during the 3rd quarter valued at $54,000. CWM LLC grew its position in 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 bought a new position in shares of NuScale Power during the 2nd quarter worth about $64,000. Finally, TFC Financial Management Inc. bought a new stake in shares of NuScale Power in the second quarter valued at about $75,000. 78.37% of the stock is owned by institutional investors.

NuScale Power Stock Performance

NuScale Power stock traded down $0.52 during midday trading on Friday, hitting $21.14. The company's stock had a trading volume of 6,391,809 shares, compared to its average volume of 6,497,815. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. NuScale Power Co. has a 1-year low of $1.88 and a 1-year high of $32.30. The company has a 50-day moving average price of $21.43 and a two-hundred day moving average price of $13.95. The company has a market cap of $5.40 billion, a price-to-earnings ratio of -22.71 and a beta of 1.33.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Craig Hallum boosted their price target on NuScale Power from $16.00 to $21.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. CLSA initiated coverage on NuScale Power in a research note on Friday, September 13th. They issued an "outperform" rating and a $11.00 target price for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, NuScale Power presently has an average rating of "Moderate Buy" and a consensus target price of $10.39.

Insiders Place Their Bets

In other NuScale Power news, VP Jacqueline F. Engel sold 18,186 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the completion of the sale, the vice president now directly owns 3,801 shares in the company, valued at approximately $110,229. This trade represents a 82.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert K. Temple sold 75,000 shares of the business's stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $12.00, for a total transaction of $900,000.00. Following the transaction, the insider now owns 14,054 shares in the company, valued at $168,648. The trade was a 84.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 422,237 shares of company stock worth $6,005,215 over the last three months. Insiders own 1.96% 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.