Horizon Kinetics Asset Management LLC Invests $243,000 in NuScale Power Co. (NYSE:SMR)

Horizon Kinetics Asset Management LLC bought a new position in NuScale Power Co. (NYSE:SMR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,550 shares of the company’s stock, valued at approximately $243,000.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of NuScale Power by 21.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,829,843 shares of the company’s stock worth $21,194,000 after buying an additional 317,285 shares during the last quarter. Van ECK Associates Corp lifted its stake in NuScale Power by 41.4% in the fourth quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company’s stock worth $31,317,000 after acquiring an additional 511,168 shares during the period. State Street Corp boosted its holdings in NuScale Power by 10.2% in the third quarter. State Street Corp now owns 1,674,995 shares of the company’s stock valued at $19,396,000 after acquiring an additional 154,368 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in NuScale Power by 8.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 735,383 shares of the company’s stock valued at $13,185,000 after purchasing an additional 58,135 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in NuScale Power by 57.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 351,777 shares of the company’s stock worth $4,074,000 after purchasing an additional 128,012 shares in the last quarter. Hedge funds and other institutional investors own 78.37% of the company’s stock.

Insider Buying and Selling

In related news, VP Jacqueline F. Engel sold 24,618 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total value of $357,453.36. Following the transaction, the vice president now owns 1,149 shares in the company, valued at $16,683.48. The trade was a 95.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John Lawrence Hopkins sold 664,568 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the sale, the chief executive officer now directly owns 34,675 shares in the company, valued at $625,537. This trade represents a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 720,682 shares of company stock valued at $12,840,747 over the last quarter. Corporate insiders own 1.96% of the company’s stock.

NuScale Power Stock Performance

Shares of SMR stock opened at $17.60 on Tuesday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The company’s fifty day moving average price is $20.88 and its 200-day moving average price is $19.03. The stock has a market cap of $4.97 billion, a PE ratio of -18.53 and a beta of 1.58. NuScale Power Co. has a 12 month low of $0.13 and a 12 month high of $32.30.

Wall Street Analyst Weigh In

Separately, UBS Group cut 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 note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.58.

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.