Bosun Asset Management LLC decreased its holdings in NuScale Power Co. (NYSE:SMR - Free Report) by 34.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 215,315 shares of the company's stock after selling 111,830 shares during the quarter. NuScale Power comprises approximately 1.7% of Bosun Asset Management LLC's portfolio, making the stock its 9th biggest holding. Bosun Asset Management LLC owned about 0.08% of NuScale Power worth $3,861,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in SMR. Venturi Wealth Management LLC increased its position in shares of NuScale Power by 313.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock valued at $35,000 after buying an additional 1,500 shares in the last quarter. Toth Financial Advisory Corp lifted its holdings in shares of NuScale Power by 600.0% in the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company's stock valued at $38,000 after purchasing an additional 1,800 shares in the last quarter. Twin Tree Management LP acquired a new stake in shares of NuScale Power in the fourth quarter valued at approximately $42,000. Amalgamated Bank increased its stake in shares of NuScale Power by 51.8% during the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company's stock worth $52,000 after purchasing an additional 986 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of NuScale Power by 2,980.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,696 shares of the company's stock worth $66,000 after purchasing an additional 3,576 shares during the last quarter. 78.37% of the stock is currently owned by hedge funds and other institutional investors.
NuScale Power Trading Up 3.4 %
NuScale Power stock traded up $0.57 during trading on Friday, reaching $17.50. The company had a trading volume of 7,691,543 shares, compared to its average volume of 8,441,619. 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 firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of -18.42 and a beta of 1.62. NuScale Power Co. has a 12-month low of $5.86 and a 12-month high of $32.30. The stock's 50 day moving average price is $16.01 and its two-hundred day moving average price is $20.13.
Analyst Ratings Changes
Several analysts have recently issued reports on the company. UBS Group reduced their price objective 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. BTIG Research began coverage on shares of NuScale Power in a report on Friday, April 11th. They set a "buy" rating and a $20.00 price target for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $16.60.
View Our Latest Stock Report on NuScale Power
Insider Buying and Selling
In other NuScale Power news, VP Jacqueline F. Engel sold 24,618 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total transaction of $357,453.36. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Clayton Scott sold 10,019 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $16.78, for a total value of $168,118.82. Following the sale, the insider now owns 86,965 shares in the company, valued at approximately $1,459,272.70. The trade was a 10.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 158,047 shares of company stock valued at $2,514,898. 1.27% of the stock is currently owned by company insiders.
About NuScale Power
(
Free Report)
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.
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