XTX Topco Ltd Buys Shares of 37,504 NuScale Power Co. (NYSE:SMR)

XTX Topco Ltd purchased a new position in shares of NuScale Power Co. (NYSE:SMR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 37,504 shares of the company's stock, valued at approximately $672,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership purchased a new stake in shares of NuScale Power in the 4th quarter valued at about $22,823,000. Vanguard Group Inc. boosted its holdings in shares of NuScale Power by 8.2% in the fourth quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company's stock valued at $151,113,000 after acquiring an additional 635,271 shares during the period. Van ECK Associates Corp grew its position 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 worth $31,317,000 after acquiring an additional 511,168 shares during the last quarter. Privium Fund Management B.V. acquired a new position in shares of NuScale Power in the 4th quarter valued at $6,455,000. Finally, Geode Capital Management LLC raised its position in NuScale Power by 21.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,829,843 shares of the company's stock valued at $21,194,000 after purchasing an additional 317,285 shares during the last quarter. 78.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on SMR shares. BTIG Research assumed coverage on shares of NuScale Power in a research note on Friday, April 11th. They issued a "buy" rating and a $20.00 price objective on the stock. UBS Group dropped their price target on NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, NuScale Power currently has a consensus rating of "Moderate Buy" and an average price target of $16.60.

NuScale Power Price Performance

NuScale Power stock traded up $0.11 during mid-day trading on Friday, hitting $14.61. 4,114,985 shares of the company were exchanged, compared to its average volume of 8,263,414. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. The company has a market capitalization of $4.13 billion, a P/E ratio of -15.38 and a beta of 1.64. NuScale Power Co. has a 12-month low of $4.61 and a 12-month high of $32.30. The business's 50 day simple moving average is $17.06 and its two-hundred day simple moving average is $19.96.

Insider Activity

In other news, CTO Jose N. Reyes, Jr. sold 33,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $15.13, for a total transaction of $499,290.00. Following the completion of the sale, the chief technology officer now owns 516,207 shares in the company, valued at approximately $7,810,211.91. The trade was a 6.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jacqueline F. Engel sold 24,618 shares of the firm's stock in a transaction that occurred on 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 $16,683.48. The trade was a 95.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,114 shares of company stock valued at $1,351,231 over the last quarter. Company insiders own 1.96% of the company's stock.

About NuScale Power

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.