Oxford Asset Management LLP Takes $363,000 Position in NuScale Power Co. (NYSE:SMR)

Oxford Asset Management LLP purchased a new stake in NuScale Power Co. (NYSE:SMR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,246 shares of the company's stock, valued at approximately $363,000.

A number of other hedge funds have also recently bought and sold shares of SMR. Samsung C&T Corp purchased a new stake in NuScale Power during the fourth quarter valued at about $46,745,000. Arrowstreet Capital Limited Partnership bought a new stake in NuScale Power in the fourth quarter valued at about $22,823,000. Vanguard Group Inc. increased its holdings in NuScale Power by 8.2% in the fourth quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company's stock valued at $151,113,000 after buying an additional 635,271 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of NuScale Power by 41.4% during the fourth quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company's stock valued at $31,317,000 after purchasing an additional 511,168 shares during the last quarter. Finally, Privium Fund Management B.V. bought a new position in shares of NuScale Power during the fourth quarter valued at approximately $6,455,000. Institutional investors and hedge funds own 78.37% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SMR. BTIG Research started coverage on NuScale Power in a report on Friday, April 11th. They issued a "buy" rating and a $20.00 price objective for the company. UBS Group dropped their price target on 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 company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $16.60.

NuScale Power Trading Down 2.0 %

NYSE SMR traded down $0.33 during trading on Wednesday, reaching $16.56. 3,426,307 shares of the stock traded hands, compared to its average volume of 8,307,431. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power Co. has a fifty-two week low of $5.50 and a fifty-two week high of $32.30. The stock's 50-day moving average price is $16.06 and its 200 day moving average price is $20.13. The firm has a market cap of $4.68 billion, a price-to-earnings ratio of -17.43 and a beta of 1.64.

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 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 directly owns 29,985 shares in the company, valued at approximately $470,764.50. The trade was a 51.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Jose N. Reyes, Jr. sold 33,000 shares of NuScale Power stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $15.13, for a total transaction of $499,290.00. Following the completion of the sale, the chief technology officer now owns 516,207 shares of the company's stock, valued at approximately $7,810,211.91. The trade was a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,114 shares of company stock valued at $1,351,231. 1.96% of the stock is owned by 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.