NuScale Power Co. (NYSE:SMR) Stock Position Lowered by Bosun Asset Management LLC

Bosun Asset Management LLC trimmed its holdings in NuScale Power Co. (NYSE:SMR) by 34.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 215,315 shares of the company’s stock after selling 111,830 shares during the quarter. NuScale Power accounts for approximately 1.7% of Bosun Asset Management LLC’s investment portfolio, making the stock its 9th biggest holding. Bosun Asset Management LLC’s holdings in NuScale Power were worth $3,861,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Venturi Wealth Management LLC boosted 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 acquiring an additional 1,500 shares during the period. Toth Financial Advisory Corp lifted its stake in NuScale Power by 600.0% in the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock worth $38,000 after purchasing an additional 1,800 shares in the last quarter. Twin Tree Management LP bought a new position in NuScale Power in the 4th quarter valued at $42,000. Amalgamated Bank grew its position in shares of NuScale Power by 51.8% during the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock valued at $52,000 after purchasing an additional 986 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of NuScale Power by 2,980.0% in the fourth 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 period. Institutional investors own 78.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. BTIG Research assumed coverage on NuScale Power in a research note on Friday, April 11th. They issued a “buy” rating and a $20.00 target price on the stock. 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 research note on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.60.

Insider Activity at NuScale Power

In other news, CFO Robert Ramsey Hamady sold 31,496 shares of NuScale Power stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $15.70, for a total value of $494,487.20. Following the sale, the chief financial officer now directly owns 29,985 shares in the company, valued at approximately $470,764.50. This trade represents a 51.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jacqueline F. Engel sold 24,618 shares of the business’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 value of $357,453.36. Following the transaction, the vice president now directly owns 1,149 shares in the company, valued at $16,683.48. This trade represents a 95.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,114 shares of company stock worth $1,351,231 in the last ninety days. 1.96% of the stock is owned by company insiders.

NuScale Power Trading Down 1.8 %

Shares of SMR opened at $17.14 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. NuScale Power Co. has a fifty-two week low of $5.50 and a fifty-two week high of $32.30. The firm has a 50 day moving average price of $15.96 and a 200-day moving average price of $20.17. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of -18.04 and a beta of 1.62.

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.