AlphaQuest LLC Has $150,000 Holdings in NuScale Power Co. (NYSE:SMR)

AlphaQuest LLC lessened its position in NuScale Power Co. (NYSE:SMR) by 43.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 8,391 shares of the company’s stock after selling 6,559 shares during the period. AlphaQuest LLC’s holdings in NuScale Power were worth $150,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. US Bancorp DE purchased a new position in NuScale Power in the third quarter worth $54,000. Entropy Technologies LP purchased a new position in shares of NuScale Power in the 3rd quarter worth about $138,000. Victory Capital Management Inc. purchased a new position in shares of NuScale Power in the 3rd quarter worth about $116,000. Quest Partners LLC boosted its holdings in shares of NuScale Power by 52.4% in the 3rd quarter. Quest Partners LLC now owns 14,950 shares of the company’s stock worth $173,000 after purchasing an additional 5,142 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of NuScale Power in the 3rd quarter worth about $175,000. Hedge funds and other institutional investors own 78.37% of the company’s stock.

Wall Street Analyst Weigh In

Separately, UBS Group cut their price objective on NuScale Power from $25.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, NuScale Power has a consensus rating of “Moderate Buy” and an average price target of $12.58.

NuScale Power Trading Up 0.5 %

Shares of SMR stock opened at $17.60 on Tuesday. The stock has a market capitalization of $4.97 billion, a PE ratio of -18.53 and a beta of 1.58. NuScale Power Co. has a 1-year low of $0.13 and a 1-year high of $32.30. The business has a 50-day moving average of $20.88 and a 200 day moving average of $19.03. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24.

Insider Activity at NuScale Power

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the completion of the transaction, the chief executive officer now owns 34,675 shares of the company’s stock, valued at $625,537. This represents a 95.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the company’s 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 transaction, the chief financial officer now directly owns 29,985 shares of the company’s stock, valued at $470,764.50. The trade was a 51.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 720,682 shares of company stock worth $12,840,747 in the last ninety days. 1.96% of the stock is 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.