EVR Research LP Buys Shares of 50,000 NuScale Power Co. (NYSE:SMR)

EVR Research LP acquired a new stake in shares of NuScale Power Co. (NYSE:SMR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,000 shares of the company's stock, valued at approximately $896,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SMR. Venturi Wealth Management LLC raised its position in NuScale Power by 313.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock valued at $35,000 after purchasing an additional 1,500 shares in the last quarter. Toth Financial Advisory Corp increased its holdings in shares of NuScale Power by 600.0% during the 4th 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 purchased a new position in shares of NuScale Power during the 4th quarter valued at approximately $42,000. Amalgamated Bank lifted its stake in NuScale Power by 51.8% in 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. increased its stake in 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 worth $66,000 after purchasing an additional 3,576 shares during the period. Hedge funds and other institutional investors own 78.37% of the company's stock.

NuScale Power Stock Down 4.1 %

NYSE SMR traded down $0.63 during trading hours on Wednesday, hitting $14.75. 2,166,844 shares of the company traded hands, compared to its average volume of 8,173,716. NuScale Power Co. has a twelve month low of $4.61 and a twelve month high of $32.30. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of -15.53 and a beta of 1.64. The business's 50-day moving average is $17.76 and its 200-day moving average is $19.91. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. UBS Group reduced their price target on NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a report on Friday, March 7th. BTIG Research initiated coverage on shares of NuScale Power in a report on Friday, April 11th. They issued a "buy" rating and a $20.00 price objective for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, NuScale Power has an average rating of "Moderate Buy" and an average price target of $16.60.

Insider Activity

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

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.