MRP Capital Investments LLC Trims Stock Holdings in NuScale Power Co. (NYSE:SMR)

MRP Capital Investments LLC trimmed its holdings in NuScale Power Co. (NYSE:SMR) by 19.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 69,500 shares of the company’s stock after selling 17,000 shares during the quarter. MRP Capital Investments LLC’s holdings in NuScale Power were worth $1,246,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Van ECK Associates Corp grew its position in shares of NuScale Power by 41.4% during the 4th quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company’s stock valued at $31,317,000 after purchasing an additional 511,168 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of NuScale Power by 212.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company’s stock valued at $7,843,000 after purchasing an additional 460,487 shares in the last quarter. Privium Fund Management B.V. purchased a new position in shares of NuScale Power during the 4th quarter valued at $6,455,000. Geode Capital Management LLC grew its position in shares of NuScale Power by 21.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,829,843 shares of the company’s stock valued at $21,194,000 after purchasing an additional 317,285 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of NuScale Power by 291.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 292,833 shares of the company’s stock worth $5,250,000 after acquiring an additional 217,998 shares during the last quarter. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $11,988,806.72. Following the transaction, the chief executive officer now owns 34,675 shares in the company, valued at approximately $625,537. The trade was a 95.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $15.70, for a total transaction of $494,487.20. Following the completion of the transaction, the chief financial officer now owns 29,985 shares in the company, 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 valued at $12,840,747 over the last three months. Insiders own 1.96% of the company’s stock.

NuScale Power Stock Performance

NuScale Power stock opened at $18.18 on Friday. 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 $5.14 billion, a PE ratio of -19.14 and a beta of 1.58. The firm has a fifty day simple moving average of $20.72 and a two-hundred day simple moving average of $19.08. NuScale Power Co. has a twelve month low of $0.13 and a twelve month high of $32.30.

Analyst Upgrades and Downgrades

Separately, UBS Group dropped their price objective 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.

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.