Privium Fund Management B.V. Buys New Holdings in NuScale Power Co. (NYSE:SMR)

Privium Fund Management B.V. purchased a new position in NuScale Power Co. (NYSE:SMR) during the fourth quarter, Holdings Channel reports. The fund purchased 360,001 shares of the company’s stock, valued at approximately $6,455,000. NuScale Power accounts for 1.5% of Privium Fund Management B.V.’s holdings, making the stock its 17th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC increased its stake in shares of NuScale Power by 313.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock worth $35,000 after buying an additional 1,500 shares during the period. Toth Financial Advisory Corp boosted its position in NuScale Power by 600.0% during the 4th 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 bought a new stake in NuScale Power in the 4th quarter worth $42,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of NuScale Power in the third quarter valued at about $44,000. Finally, Amalgamated Bank raised its stake in shares of NuScale Power by 51.8% during the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock valued at $52,000 after acquiring an additional 986 shares during the last quarter. Institutional investors own 78.37% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, UBS Group dropped their target price on shares of NuScale Power from $25.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $13.50.

NuScale Power Stock Performance

Shares of SMR stock opened at $16.63 on Wednesday. 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 stock has a fifty day moving average of $20.77 and a 200 day moving average of $19.09. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of -17.50 and a beta of 1.58. NuScale Power Co. has a 52 week low of $0.13 and a 52 week high of $32.30.

Insiders Place Their Bets

In related news, VP Jacqueline F. Engel sold 24,618 shares of the company’s stock in a transaction 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 sale, the vice president now directly owns 1,149 shares of the company’s stock, valued at $16,683.48. This represents a 95.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total value 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 approximately $625,537. This trade represents a 95.04 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 720,682 shares of company stock worth $12,840,747. 1.96% of the stock is currently owned by corporate 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.