Waterloo Capital L.P. Takes $226,000 Position in NuScale Power Co. (NYSE:SMR)

Waterloo Capital L.P. bought a new stake in NuScale Power Co. (NYSE:SMR) in the fourth quarter, HoldingsChannel.com reports. The fund bought 12,625 shares of the company’s stock, valued at approximately $226,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of NuScale Power by 8.2% in the 4th quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company’s stock worth $151,113,000 after buying an additional 635,271 shares in the last quarter. Geode Capital Management LLC increased its stake in NuScale Power by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 1,965,456 shares of the company’s stock worth $35,249,000 after acquiring an additional 135,613 shares during the last quarter. Van ECK Associates Corp raised its position in NuScale Power by 41.4% during the fourth 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 during the period. State Street Corp lifted its stake in shares of NuScale Power by 10.2% in the 3rd quarter. State Street Corp now owns 1,674,995 shares of the company’s stock valued at $19,396,000 after purchasing an additional 154,368 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of NuScale Power in the 4th quarter valued at approximately $22,823,000. Hedge funds and other institutional investors own 78.37% of the company’s stock.

Insider Activity at NuScale Power

In other news, CTO Jose N. Reyes, Jr. sold 33,000 shares of NuScale Power stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $15.13, for a total transaction of $499,290.00. Following the completion of the sale, the chief technology officer now owns 516,207 shares of the company’s stock, valued at approximately $7,810,211.91. The trade was a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 in the company, valued at approximately $16,683.48. This trade represents a 95.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,114 shares of company stock worth $1,351,231 in the last quarter. 1.96% of the stock is owned by company insiders.

NuScale Power Trading Up 11.6 %

SMR opened at $14.06 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The stock’s 50 day moving average price is $19.06 and its 200-day moving average price is $19.84. NuScale Power Co. has a one year low of $4.61 and a one year high of $32.30. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of -14.80 and a beta of 1.64.

Analysts Set New Price Targets

Separately, UBS Group decreased their price target on NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, March 7th.

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.