7,751 Shares in NuScale Power Co. (NYSE:SMR) Acquired by Altshuler Shaham Ltd

Altshuler Shaham Ltd purchased a new stake in shares of NuScale Power Co. (NYSE:SMR) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 7,751 shares of the company’s stock, valued at approximately $139,000.

A number of other hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in NuScale Power by 204.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 166,629 shares of the company’s stock valued at $1,930,000 after buying an additional 111,812 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of NuScale Power by 581.8% in the 3rd quarter. Stifel Financial Corp now owns 118,355 shares of the company’s stock valued at $1,371,000 after purchasing an additional 100,995 shares during the last quarter. Franklin Resources Inc. bought a new stake in NuScale Power in the third quarter worth $555,000. Barclays PLC boosted its stake in shares of NuScale Power by 472.3% during the 3rd quarter. Barclays PLC now owns 150,791 shares of the company’s stock worth $1,746,000 after purchasing an additional 124,441 shares during the period. Finally, Spire Wealth Management purchased a new position in shares of NuScale Power during the fourth quarter valued at approximately $262,000. 78.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SMR. BTIG Research began coverage on shares of NuScale Power in a research note on Friday, April 11th. They set a “buy” rating and a $20.00 target price for the company. UBS Group lowered their price target on NuScale Power from $25.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, March 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $16.60.

Insider Transactions at NuScale Power

In other NuScale Power news, CTO Jose N. Reyes, Jr. sold 33,000 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $15.13, for a total value of $499,290.00. Following the completion of the sale, the chief technology officer now directly owns 516,207 shares in the company, valued at approximately $7,810,211.91. This trade represents a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $15.70, for a total value of $494,487.20. Following the completion of the sale, the chief financial officer now directly owns 29,985 shares of the company’s stock, valued at approximately $470,764.50. This represents a 51.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,114 shares of company stock valued at $1,351,231 in the last quarter. 1.96% of the stock is currently owned by corporate insiders.

NuScale Power Price Performance

Shares of SMR opened at $14.54 on Thursday. The company has a 50 day moving average of $17.54 and a two-hundred day moving average of $19.87. The company has a market cap of $4.11 billion, a price-to-earnings ratio of -15.31 and a beta of 1.64. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power Co. has a twelve month low of $4.61 and a twelve month high of $32.30.

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.