XTX Topco Ltd Invests $672,000 in NuScale Power Co. (NYSE:SMR)

XTX Topco Ltd purchased a new stake in shares of NuScale Power Co. (NYSE:SMR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 37,504 shares of the company's stock, valued at approximately $672,000.

A number of other large investors have also recently added to or reduced their stakes in SMR. Venturi Wealth Management LLC raised its position 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 during the period. Toth Financial Advisory Corp grew its position in NuScale Power by 600.0% in the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company's stock valued at $38,000 after acquiring an additional 1,800 shares in the last quarter. Twin Tree Management LP purchased a new stake in NuScale Power during the fourth quarter worth about $42,000. Amalgamated Bank grew 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. lifted its holdings in 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 in the last quarter. 78.37% of the stock is currently owned by institutional investors and hedge funds.

NuScale Power Price Performance

Shares of NYSE:SMR traded up $1.08 on Tuesday, reaching $14.72. 1,260,514 shares of the company were exchanged, compared to its average volume of 8,219,877. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of -15.51 and a beta of 1.64. NuScale Power Co. has a 1-year low of $4.61 and a 1-year high of $32.30. The company has a 50-day moving average of $16.80 and a 200-day moving average of $20.02. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26.

Insider Activity

In other news, CTO Jose N. Reyes, Jr. sold 33,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $15.13, for a total value of $499,290.00. Following the sale, the chief technology officer now directly owns 516,207 shares in the company, valued at $7,810,211.91. This represents a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert Ramsey Hamady sold 31,496 shares of NuScale Power stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $15.70, for a total value of $494,487.20. Following the transaction, the chief financial officer now owns 29,985 shares of the company's stock, 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. Company insiders own 1.96% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SMR. UBS Group reduced their price objective 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. BTIG Research began coverage on shares of NuScale Power in a research report on Friday, April 11th. They set a "buy" rating and a $20.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, NuScale Power has an average rating of "Moderate Buy" and a consensus target price of $16.60.

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.