Rakuten Securities Inc. Buys New Stake in NuScale Power Co. (NYSE:SMR)

Rakuten Securities Inc. bought a new position in shares of NuScale Power Co. (NYSE:SMR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 7,490 shares of the company’s stock, valued at approximately $134,000.

Other hedge funds also recently bought and sold shares of the company. Venturi Wealth Management LLC lifted its position in shares of NuScale Power by 313.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock worth $35,000 after purchasing an additional 1,500 shares during the last quarter. Toth Financial Advisory Corp increased 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 worth $38,000 after buying an additional 1,800 shares during the period. Amalgamated Bank lifted its holdings in shares of NuScale Power by 51.8% during the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock worth $52,000 after buying an additional 986 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of NuScale Power by 2,980.0% during the fourth 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 last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of NuScale Power in the fourth quarter valued at approximately $67,000. 78.37% of the stock is currently owned by institutional investors.

NuScale Power Price Performance

Shares of SMR stock opened at $15.95 on Thursday. The company has a market capitalization of $4.07 billion, a P/E ratio of -16.78 and a beta of 1.58. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power Co. has a 12 month low of $3.79 and a 12 month high of $32.30. The stock has a 50 day moving average of $21.11 and a two-hundred day moving average of $18.77.

Analyst Ratings Changes

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

Insider Buying and Selling

In other NuScale Power news, 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 transaction of $494,487.20. Following the sale, the chief financial officer now directly owns 29,985 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jacqueline F. Engel sold 24,618 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total value of $357,453.36. Following the completion of the transaction, the vice president now directly owns 1,149 shares of the company’s stock, valued at approximately $16,683.48. The trade was a 95.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 720,682 shares of company stock valued at $12,840,747 over the last ninety days. 1.96% of the stock is owned by company insiders.

About NuScale Power

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.