Susquehanna Fundamental Investments LLC Takes Position in NuScale Power Co. (NYSE:SMR)

Susquehanna Fundamental Investments LLC bought a new position in shares of NuScale Power Co. (NYSE:SMR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 16,873 shares of the company's stock, valued at approximately $303,000.

A number of other large investors also recently made changes to their positions in the company. Venturi Wealth Management LLC raised its stake in 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 purchasing an additional 1,500 shares in the last quarter. Toth Financial Advisory Corp increased its stake in shares of NuScale Power by 600.0% in the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company's stock valued at $38,000 after buying an additional 1,800 shares during the period. Twin Tree Management LP acquired a new position in shares of NuScale Power in the 4th quarter worth approximately $42,000. Amalgamated Bank lifted its stake in shares of NuScale Power by 51.8% in 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 during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of NuScale Power by 2,980.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,696 shares of the company's stock worth $66,000 after buying an additional 3,576 shares during the period. Institutional investors own 78.37% of the company's stock.

NuScale Power Trading Down 6.2 %

Shares of SMR traded down $1.09 during trading hours on Wednesday, reaching $16.58. 7,778,383 shares of the company traded hands, compared to its average volume of 8,398,866. The company's fifty day moving average price is $15.97 and its two-hundred day moving average price is $20.13. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of -17.45 and a beta of 1.62. NuScale Power Co. has a 12 month low of $5.50 and a 12 month high of $32.30.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. UBS Group lowered their price objective on NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. BTIG Research assumed coverage on NuScale Power in a research note on Friday, April 11th. They set a "buy" rating and a $20.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.60.

Insider Transactions at NuScale Power

In other NuScale Power news, VP Jacqueline F. Engel sold 1,565 shares of NuScale Power stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $16.94, for a total transaction of $26,511.10. Following the transaction, the vice president now owns 1,218 shares of the company's stock, valued at $20,632.92. The trade was a 56.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Clayton Scott sold 10,019 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $16.78, for a total value of $168,118.82. Following the sale, the insider now owns 86,965 shares of the company's stock, valued at $1,459,272.70. This represents a 10.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,373 shares of company stock valued at $2,135,335 in the last ninety days. 1.96% of the stock is currently owned by corporate 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.