Bosun Asset Management LLC Has $3.86 Million Position in NuScale Power Co. (NYSE:SMR)

Bosun Asset Management LLC reduced its position in shares of NuScale Power Co. (NYSE:SMR - Free Report) by 34.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 215,315 shares of the company's stock after selling 111,830 shares during the quarter. NuScale Power comprises about 1.7% of Bosun Asset Management LLC's portfolio, making the stock its 9th biggest position. Bosun Asset Management LLC owned approximately 0.08% of NuScale Power worth $3,861,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its position in shares of NuScale Power by 313.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock worth $35,000 after acquiring an additional 1,500 shares in the last quarter. Toth Financial Advisory Corp increased its holdings in NuScale Power by 600.0% during 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 purchased a new stake in shares of NuScale Power in the fourth quarter worth approximately $42,000. Amalgamated Bank lifted its holdings in shares of NuScale Power by 51.8% in the fourth 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. boosted its position in shares of NuScale Power by 2,980.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,696 shares of the company's stock valued at $66,000 after buying an additional 3,576 shares during the last quarter. Institutional investors own 78.37% of the company's stock.

NuScale Power Stock Down 1.8 %

Shares of NYSE:SMR opened at $17.14 on Tuesday. NuScale Power Co. has a 1 year low of $5.50 and a 1 year high of $32.30. The company has a market capitalization of $4.84 billion, a PE ratio of -18.04 and a beta of 1.62. The business has a fifty day moving average price of $15.96 and a two-hundred day moving average price of $20.17. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24.

Wall Street Analyst Weigh In

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

Insider Activity at NuScale Power

In other NuScale Power news, CTO Jose N. Reyes, Jr. sold 33,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $15.13, for a total value of $499,290.00. Following the transaction, the chief technology officer now directly owns 516,207 shares in the company, valued at $7,810,211.91. The trade was a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $15.70, for a total transaction of $494,487.20. Following the sale, the chief financial officer now owns 29,985 shares of the company's stock, valued at approximately $470,764.50. The trade was a 51.23 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 89,114 shares of company stock worth $1,351,231. 1.96% of the stock is owned by company insiders.

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.

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