Khrom Capital Management LLC reduced its stake in NET Power Inc. (NYSE:NPWR - Free Report) by 19.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,084,705 shares of the company's stock after selling 265,646 shares during the period. NET Power comprises approximately 1.3% of Khrom Capital Management LLC's investment portfolio, making the stock its 17th largest position. Khrom Capital Management LLC owned 0.50% of NET Power worth $11,487,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in NPWR. Covestor Ltd acquired a new position in NET Power in the 4th quarter valued at approximately $43,000. Janney Montgomery Scott LLC bought a new stake in NET Power in the fourth quarter valued at approximately $108,000. National Bank of Canada FI increased its position in NET Power by 2,727.0% during the 4th quarter. National Bank of Canada FI now owns 11,930 shares of the company's stock valued at $126,000 after purchasing an additional 11,508 shares during the period. Fox Run Management L.L.C. bought a new position in NET Power during the 4th quarter worth approximately $137,000. Finally, Mariner LLC acquired a new position in shares of NET Power in the 4th quarter worth approximately $139,000. 53.62% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on NPWR shares. Barclays cut shares of NET Power from an "equal weight" rating to an "underweight" rating and decreased their price objective for the stock from $3.00 to $2.00 in a research report on Wednesday. Citigroup upgraded NET Power from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $14.00 to $6.00 in a report on Tuesday, March 11th.
Read Our Latest Analysis on NPWR
NET Power Stock Performance
Shares of NPWR stock traded down $0.08 during trading hours on Friday, hitting $1.73. 929,698 shares of the company were exchanged, compared to its average volume of 645,857. The company has a 50 day simple moving average of $3.73 and a two-hundred day simple moving average of $7.69. The firm has a market cap of $375.41 million, a P/E ratio of -2.57 and a beta of 0.47. NET Power Inc. has a fifty-two week low of $1.62 and a fifty-two week high of $14.28.
About NET Power
(
Free Report)
NET Power Inc operates as a clean energy technology company. The company invents, develops, and licenses clean power generation technology. NET Power Inc was founded in 2010 and is headquartered in Durham, North Carolina.
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